the countries that rely the most on remittances, accounting for 35% and 25% of their GDP respectively. Most of the remittances happen by the conventional channel of agents, like Western Union, Ria Money Transfer, ACE Money Transfer, Sigue Money Transfer, MoneyGram, UAE Exchange, and similar. However, with the increasing relevance and reach of the Internet, online and mobile phone money transfers have grown significantly. Armenia Remittances are a major component of the Armenian economy. making up about 13% of Armenia’s GDP in 2011. In 2013 around 40% of families of Armenia have received remittances. As a result, Armenia falls in the top 20 countries worldwide for receiving remittances. Total remittances to Armenia have reached their peak in 2013 being equal to $2.192 billion but plummeted after the 2014 Russian ruble devaluation and reached $1.528 billion in 2019. Armenia falls in the top 20 countries worldwide for receiving remittances. Armenia, being a country with one of the largest diasporas in the world, provides a case study of a developing economy that is dependent on remittances and the financial support they provide. Total remittances to Armenia reached $1.87 billion in 2013, a 10.8%. A study conducted in 2004 examined the impact of remittances from a micro perspective, and determined that households with average income were the most likely to have a family member abroad because poorer households lacked the financial ability to send family members out of the country and the most wealthy households did not have a reason to. In 2017, the majority of remittance flows to Armenia originated from Russia, about 60.5% of overall remittances. The figure amounted to nearly $945 million due to more than 2 million Armenian population living in Russia. The next biggest inflows were recorded from the US, over $160 million, 10.25% of the overall figure (around 500,000-1,000,000 Armenian population). According to the IMF, starting from 2010 remittances in USD, AMD (Armenian dram), and Rubles, grew until they hit their peak in 2014 and started declining after that in a volatile fashion as a result of the Russian ruble devaluation. Remittances in AMD and USD declined to almost their 2010 levels. Bangladesh An estimated 10 million Bangladeshis, working abroad have sent $15 billion to home in 2018 and $18.32 billion in 2019. It is country's second-largest source of foreign earnings after its gigantic textile industry. Bangladesh is one of the top 10 countries in the world