Alternative remittance systems

I've told you my remittance hasn't come. Remittance indeed! said Mrs. Hall.

Harnessing the Remittance Boom

SR VI. Alternative remittance

Alternative informal remittance systems

29. The administration has recommended the incorporation of a clause in the draft recognition and cooperation agreement that calls for a remittance date that is closer to the balance sheet date of 30 April than 31 August.

28. The Administration has recommended the incorporation of a clause in the draft recognition and cooperation agreement which calls for a remittance date that is closer to the balance sheet date of 30 April than 31 August.

E. Alternative informal remittance systems

There are different approaches to the problem, particularly between remittance source States and remittance receiving States.

The impact of remittance income on household well being depends on who controls remittance income and how it is spent.

There are no alternate remittance systems.

Remittance income formed a big part of Yemen s budget.

The remittance flow continues to be buoyant.

Remittance payments made 299 441 763 534

They should also adopt specific policies to affect volumes of remittances, remittance transfer mechanisms, management of remittance funds, the use of remittances and diaspora contributions to development.

(c) In order to address the concerns of remittance receiving States, registered alternative remittance systems should be obliged to settle balances through normal banking channels

Furthermore, remittance levels are double those of official development assistance (ODA).

The remittance system of Hawala does not obtain in this jurisdiction.

And thank you in advance for your remittance.

(a) Simplifying procedures and facilitating access to formal means of remittance transfers

Has this name been circulated to alternative remittance systems?

alternative remittance systems are difficult to licence or to supervise.

Date of Period Date of Period

Policies and projects that facilitated the development impact of remittances must be analysed. As half of remittance senders and the majority of remittance recipients, women were playing a central role in managing and distributing such income.

One State has recorded some success in encouraging the voluntary registration of alternative remittance systems.

States Date of signature accession Effective date

Table 3 Private remittance flows to Africa, 1998 2003 (In billions of United States dollars)a

The exploitation of Alternative Remittance Systems such as trade based money, hawala and NGOs are addressed.

Date _ Date _

Date, date.

Hurdles in converting informal remittance systems to formal systems through registration or licensing

Date of communication 16 April 2000 (date of initial submission)

Date of communication 15 August 1991 (date of initial letter)

The regulatory authorities of some States have initiated programmes to detect unregistered or unlicensed alternative remittance activity.

The Team makes no distinction between alternative and informal remittance systems for the purposes of this report.

Other countries, however, have taken steps to make remittance transfers possible via mobile phones.

(q) Issues related to the informal and cash based economy, including alternative remittance systems

Initiatives were also needed to improve remittance services to migrants and reduce transfer costs.

(d) African authorities should view capital and remittance flows as an important part of their national economic statistics.

The main goal is to detect the main obstacles to efficiency along the life cycle of the remittance.

Date of issue

Decision Date of

Date of meeting

Date of signature

Date of withdrawal