It aims to bring all payment service providers including mobile phone service providers offering money transfer services, within one regulatory framework. Going forward, the inclusion of these mobile phone service providers within the supervisory and regulatory scope of CBK will no doubt enhance the country’s AML/CFT measures. 13.
Prices and interest rates incorporate all information available to the market, and therefore provide important signals about the future. True, there are times when the central bank may have information that is not in the public domain, but equally, many private sector institutions are privy to certain information, or may have superior information because of specialised research in a particular area.