Could international money transfers to Russia boost wealth?

Expatriates may want to consider setting up an international money transfer system between the UK and Russia if they want to boost their wealth.

According to the latest section of HSBC's Expat Experience survey, the expat economics report, Russia is home to the wealthiest expats, followed in second place by the Middle East.

The majority of expats were found to be repatriating a "significant proportion of their wealth", suggesting that they could stand to benefit from international money transfers.

Russia was joined by the other BRIC countries (Brazil, Russia, India and China) as being among the top emerging hot spots for expats.

Lisa Wood, head of customer propositions at HSBC Bank International, commented: "The BRIC economies have fared well over the last year and as a result we've seen that these expat locations are particularly strong when it comes to expat finances."

Click here to make an International Money transfer to Russia

Posted by Eleanor Ward