Remittances

In Cuba, remittances from emigrants are crucial for daily expenses and major purchases, delivered by couriers like Naychel, who estimates distributing over a million dollars in three years. The system runs via agencies using platforms like Zelle, bypassing official banking due to restrictions. It includes both cash and in-kind goods, vital amid low tourism and medical missions.

March 18, 2026 Reported by AI

The conflict between Israel and Iran affects Ethiopia through global markets, currencies, and supply chains. With Ethiopia importing all its fuel, rising oil prices strain dollar reserves and household budgets. Everyday costs for transport and food are climbing as a result.