Money transfers hit by low pound

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Last Modified: 29 Jan 2009
By: Ben King

The pound has been at a record low against other world currencies - and that is affecting the people who send money to their families in the developing world.

Money is often sent home to help with school fees, building costs or medical expenses.

It is worth more than three times the value of world aid spending - but families in Britain are finding that their pounds buy considerably less money for their families abroad than it did six months ago.