Ministry, RBM in move to boost remittancesChristopher Jimu O January 26, 2018 o Comments
The Ministry of Foreign Affairs and International Cooperation has set up a diaspora web portal
to enable Malawians living abroad remit money in a broader strategy to shore up foreign
exchange reserves.
Currently, most Malawians use informal channels to send remittances—funds a person earning
a living abroad sends to his or her country of origin via wire, mail or online transfer—making it
difficult for the Reserve Bank of Malawi (RBM) to account for it.
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