Lessons Learned on Building an ITRS to Collect Remittance Data

This reference guide is a practical knowledge product that outlines the role an ITRS can play in improving current source data on remittances and enhancing their compilation techniques. Central banks have designed various methods and tools to understand remittance markets and capture and monitor remittance flows in their countries. Many central banks have invested in an International Transaction Reporting System (ITRS) to capture, monitor and analyse cross-border transactions and financial positions. Their range of experience and knowledge offers lessons for peers globally. The reference guide aims to share those experiences and assist central banks, particularly in least developed countries (LDCs), in the development of tools and systems to improve the collection of remittance data.