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

E. Alternative informal remittance systems

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

There are no alternate 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.

The remittance flow continues to be buoyant.

Remittance payments made 299 441 763 534

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

And thank you in advance for your remittance.

Remittance income formed a big part of Yemen s budget.

Has this name been circulated to alternative remittance systems?

(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

alternative remittance systems are difficult to licence or to supervise.

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.

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

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

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

Date _ Date _

Date, date.

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

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.

Alternative remittance systems are known by many terms, but all share the same operational characteristics.

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

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.

End date is before start date! Please make sure that end date comes after start date.

Date of Period Date of Period

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

Many States may therefore need to amend their laws to bring informal remittance systems under regulation.

No money remittance agencies are operating outside the banks (see the answer to the question 1.6).

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

End date must occur after start date.

End date is earlier than start date

States Date of signature accession Effective date

This date, is it... just a date?

Some States have initiated registration or licensing regimes for alternative remittance systems, or plan to do so.

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.

That's what I want to know. I told you three days ago I was awaiting a remittance