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1. On which date is the International Day of Family Remittances observed annually?
The International Day of Family Remittances is observed globally on June 16th each year. This day acknowledges the crucial contributions of over 200 million migrants who send money back home to support their families. Family remittances play a vital role in providing financial stability and meeting essential needs such as healthcare and education for millions of people worldwide. This observance underscores the importance of facilitating secure and affordable money transfers to promote financial inclusion and economic empowerment among migrant communities.