The Philippines is largely considered as one of the strongest emerging markets in the Association of Southeast Asian Nations. According to research by the International Monetary Fund, the Philippines is projected to grow its Gross Domestic Product by 6.7 per cent in 2015, which represents a positive improvement from its growth rate in 2014, which settled at 6.1 per cent.
This growth is spurred by the remittances of approximately 11 million Filipinos abroad. Financial experts and economists believe that remittances account for nearly 4 per cent of the annual economic growth. In fact, the country received $49 billion in remittances from overseas Filipino workers, billing it amongst the biggest recipients in the world, trailing only India, China, and Mexico.
By 2015, it is estimated that remittances would approach $42 billion, comprising 20 per cent of the total Gross Domestic Product. Recognising the need to help Filipinos overseas send money back to their home country, Al Taif has developed a service designed to help send money abroad, Iraq to Philippines.
With Al Taif, you can wire transfer your money to the Philippines, without any delays. For 12 years, we have been serving in the electronic funds transfer industry, and we haves established ourselves as one of the best in our field. Our transfer process allows you to securely move your funds from your local account to your choice account in the Philippines instantly. Partner with us and you will benefit from the peace of mind that your money is being handled by experienced, highly trained professionals who know their way around the business.
To add value to our services, we have installed a pair of tools in our website that are designed to make the transfer experience as convenient and efficient as possible. We have integrated the currency converter tool that allows users to immediately convert values of two currencies. In addition, we also have a real-time exchange rate tool that allows users a comprehensive view of the latest exchange rates in the market.
Here at Al Taif, we understand why you send money back home, and we will do everything we can to make that happen today.