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- Workers often pay high costs to send money across borders due to limited competition, poor price visibility, and, in some cases, underdeveloped payment systems.
- Tanzania has the highest average cost of $115 on a $200 remittance.
- Seven of the 15 most expensive countries for sending remittances are in Africa.
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Crazy! Tanzanian migrants gotta pay 57.5% ($115) just to send 200 bucks!