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> As part of that new mandate, it has established a monthly transaction limit for remittances whilst collecting taxes of up to 15% of the transaction amount. H
by virtuexru 8y ago
> As part of that new mandate, it has established a monthly transaction limit for remittances whilst collecting taxes of up to 15% of the transaction amount.
Holy cow 15% is quite insane in terms of comparisons to other countries.
> World Bank statistics point to average remittance fees worldwide ranging from 5.2% to 9.4%.