Pandemic impacts Venezuelas remittances
Mary Triny Mena
02:59

With economies around the world hit hard by the coronavirus pandemic, remittances -- critical funds migrants send back to relatives in their home nations - are expected to drop by 14 percent by next year. 

That's according to data from the World Bank. 

The drop is particularly painful in Venezuela, where remittances rank second only to oil exports as a source of significant income.

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