Missing Millions

Boakye-Adjei NY, 2009 Stamp Out Poverty

Between £20-£50 million is being lost by UK charities in the process of sending funds overseas to carry out their humanitarian and development work. These millions do not make it to their intended destinations because of the uncompetitive rates and misleading transfer fees offered by banks when selling local currency.

A new report from Stamp Out Poverty entitled ‘Missing Millions’ sets out how this happens and offers some key recommendations on how we can ensure less money disappears into bank profits and more money reaches its intended destination: life-saving work in developing countries.

Please download the Missing Millions report document as a pdf (225KB).

Please download the Missing Millions executive summary document as a pdf (225KB).