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Google Pay International Money Transfers Updates; Now Users Send Money From One Country To Another | साल के अंत तक 80 देशों में कर सकते हैं पेमेंट, इंटरनेशनल मनी ट्रांसफर की हुई शुरुआत bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.
Vanguard News Stimulating dollar and energetic inflows On By Arize Nwobu CREATIVE and innovative policies help to drive economic growth and development. Crises spur critical thinking and creativity whereby new and useful ideas and policies are developed for the overall success of organisations and economies. The Central Bank of Nigeria, CBN, recently introduced the “naira-4-dollar” policy as a part measure in response to dollar scarcity which some analysts have attributed to various factors ranging from the COVID-19 pandemic to drop in oil price, speculative activities, high import bills and others. It will be recalled that a similar but more serious situation prevailed in 2017 which plunged the naira to a drastic low. From around N190/$1 in May 2015, the naira depreciated to N560/$1 in mid-February 2017. ....
Dabiri-Erewa as saying that the scheme would impact the Nigerian economy. She said CBN introduced the “NAIRA 4 DOLLAR SCHEME” for Diaspora Remittances following its policy of remittance issuance in the currency of remittance. Dabiri-Erewa said that the scheme was a welcome idea as the policy would encourage Nigerians in the Diaspora to send money through official channels. “ The CBN Naira 4 Dollar scheme is an incentive for senders and recipients of International Money Transfer whereby recipients of Diaspora Remittances through CBN-licensed International Money Transfer Operators (IMTOs) shall be paid N5 per every dollar received as remittance inflow,” it said. She also said NiDCOM was finalising a Nigerian diaspora investment fund through which Nigerians in the diaspora could structure and channel their investments. ....