International Monetary Transfer Operators Imtos News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The growing importance of diaspora remittances is at the heart of the recent Central Bank of Nigeria (CBN) announcement of the “Naira 4 Dollar Scheme” which is essentially a creative way of boosting the local economy. It is a strategic economic decision and you may call it “thinking out of the box” if you like – it means the same thing. Advertisement Under the new scheme, the CBN circular dated March 5, 2021 issued to Deposit Money Banks (DMBs) and International Monetary Transfer Operators (IMTOs) stated that recipients of diaspora remittances will be paid N5 for every dollar received from March 8 – May 8, 2021. When CBN wielded the big stick over trading in cryptocurrency not too long ago, commercial banks were asked to perish the idea and close such accounts. One of the plausible reasons that motivated CBN to take the action, as it turned out, was that Nigerians abroad were beginning to weigh their investment options in the global cryptocurrency market. It affected d

United statesUnited kingdomPew research centreCentral bankA world bankNational diaspora dayDiaspora commissionInternational monetary transfer operators imtosNigerian bureau of statisticsDeposit money banksInternational monetary transfer operatorsSub saharan africaNigerian bureauWorld bankNational diasporaஒன்றுபட்டது மாநிலங்களில்