Concept harmonization and data exchange in the Middle East Remittances in the Arab countries. Remittances Seminar. First remittances seminar was held in Beirut in March 2009
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Concept harmonization and data exchange
in the Middle East
Remittances in the Arab countries
First remittances seminar was held in Beirut in March 2009
Participant countries were: Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Palestine, Qatar, Saudi Arabia, Syria, and Yemen.
To understand the current situation of personal remittance
transactions in the different countries
To know the differences and/or similarities in compilation and methodologies between the different countries
To agree on the best way forward in improving the methodologyamong the different involved countries
To establish a database to exchange data on remittances
A QUESTIONNAIRE ON THE COMPILATION PRATICES AND REGULATORY FRAMEWORK OF THE
REMITTANCES MARKET IN THE MIDDLE EAST COUNTRIES was designed and addressedto the
central banks participating in the Seminar, as well as a methodological guide.
What are the regulatory requirements to be met by a RSP to operate in the remittances
Identify the institution in charge of the regulation and supervision of the RSP and how
it performs this function
Is there any legal obligation to report the remittances flows? (a standardized report /ITRS/
Or other specific survey?)
Is there any threshold applied to the report of remittances flows?
Access to the statistical information on remittances by the Central bank or any other
governmental organization: is there any sanction provided by the regulation in case of non
Information received and periodicity
Remittances transactions (amount &number), Average value, Original currency of the remittance, Foreign exchange rate applied, Date of receipt or sending of the remittance, Country of origin (destination), Recipient (remitter) name, Remittances frequency.
Sources of information used for the calculation and/or estimation of the remittance flows
(distribution in %).
Banking system reports (ITRS), Other RSP reports (not included in ITRS), Other data sources such as models (please explain the main facts of the methodology), Households surveys (coverage, periodicity and statistics compiled), Other reports.
Structure of the remittance flows by modality of sending (distribution in %).
Electronic funds transfers, Prepaid funds (prepaid cards, money orders, banker's draft), Credit cards, Remittances in cash
Remittances in kind, Other.
Structure of the remittance market by type of RSP (distribution in %)..
Banks, Foreign exchange bureaus, Other financial institutions, Post offices, Courier companies, Money Transfers Operators (MTO), Informal channels
Structure of the remittance market in terms of payment formats used to deliver remittances:
Cash, Checks, Account to account transfer, In kind, Others. (distribution in %).
Structure of the remittance market by remittance channel (Ref. RCG, paragraph 2.18)
Formal remittances channels, Semi formal channels, Informal channels. (distribution in %).
Remittances transaction costs.
Cross check process
Existence of any: Validation process applied by the compiling agency?
Mirror statistics of the main recipient (sending) countries used in the validation process?
Number of migrants living abroad, Main countries of migration destination (origin), Main characteristics of the migrants: age,
distribution by gender, educational level, migration status (legal, illegal, refugee, other), Economic activity of the migrant and
economic sector, Average income of the migrant.
As a first trial of exchanging existent data based on 2007 and 2008 statistics: for the major ten countries
Goods & Services
Net inflows of foreign direct investment
Commitment of the countries in: