These numbers are almost equivalent to the foreign direct investment (FDI) flows, and may in fact outstrip official development aid (ODA) to the entire developing world. For Kenya, Diaspora remits an average of $ 50 billion each month through the formal channels such us commercial banks and authorized international money transfer entities.
That is right, you communicate a great deal – but on the other hand, what was said at the meetings of the governing council is still a big secret. How does that fit together? Cœuré: Transparency is important for the effectiveness of monetary policy and for trust in the central bank.