Remittances in 2021 decreased as migration decreased
Remittances decreased due to the switch away from a cash system.
Remittances increased in 2021 because costs increased.
Remittances increased in 2021 due to digitally based systems.
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In the past year, the statement that is true about remittances is:
Remittances increased in 2021 due to digitally based systems.
This reflects the trend that many individuals have turned to digital platforms for sending money across borders, which often results in increased remittance flows.
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