Lebanon ranked as the second-largest recipient of remittances in the Arab world. (The Daily Star/Hasan Shaaban)
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Figures issued by the World Bank show that the cost of sending remittances from the United States to Lebanon reached 10.19 percent in the second quarter of 2014 for a $200 transfer, down from 10.81 percent in the first quarter of the year and from 10.72 percent in the fourth quarter of 2013 .Further, the cost of sending remittances from Germany to Lebanon reached 16.05 percent in the second quarter of 2014 for a transfer of 140 euros (about $200), constituting a decrease from 16.79 percent in the first quarter of 2014 and 17.31 percent in the fourth quarter of last year. Also, the cost of sending 345 euros from Germany reached 8.12 percent in the second quarter of this year relative to 8.44 percent in the preceding quarter and 8.52 percent in the fourth quarter of 2013 .
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