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The Live Observatory

The reference page for cross-border capital.

FX, diaspora financing costs, annual remittance flows, stablecoin volumes, regulatory status and SCPI access — one page, six datasets, refreshed continuously.

Compiled by the Nova Editorial Board · Sources cited per dataset

FX Watch · 6 corridors

Spot rates, intraday and 30-day momentum.

Cached snapshot
PairSpotBidAskΔ 24hΔ 7dΔ 30d30d trend
EUR/MAD10.9200
EUR/XOF655.957
EUR/XAF655.957
GBP/NGN2120.00
EUR/TND3.42000
USD/MAD10.1000

Source — Open Exchange Rates API. Spot rates refreshed every 6 hours · snapshot taken Sun, 24 May 2026 21:03:21 UTC. Bid/ask quotes shown with an illustrative 15 bps interbank spread. 30-day trend interpolated from spot, T-1d, T-7d, T-30d anchors.

Diaspora Cost of Capital

What non-residents actually pay to borrow at home.

Effective rates published by diaspora-facing mortgage products, benchmarked against the local usury cap and the Nova effective rate (10.15%, May 2026).

CorridorNon-resident rateLocal usury capSpread vs NovaLTV maxDurationCurrencyLast reviewed
France → Morocco
FR-MA
5.85%7.20%-4.30%70%20yMAD2026-05-15
France → Senegal
FR-SN
9.40%15.00%-0.75%60%15yXOF2026-05-10
France → Cameroon
FR-CM
11.20%15.00%+1.05%50%12yXAF2026-05-08
France → Côte d'Ivoire
FR-CI
8.75%15.00%-1.40%65%15yXOF2026-03-22
UK → Nigeria
UK-NG
14.50%+4.35%50%10yNGN2026-04-30
France → Tunisia
FR-TN
7.10%9.50%-3.05%60%15yTND2026-02-18

Source — Nova Editorial Board, compiled from FMBN, Attijariwafa, BCP, GTBank, BHS, Afriland, BIAT diaspora products. Latest published rates per row.

Remittance Volumes

Annual flows, six corridors.

France → Morocco
FR-MA
2024$12.40B
2025 est.$13.10B
France → Senegal
FR-SN
2024$3.20B
2025 est.$3.50B
France → Cameroon
FR-CM
2024$0.72B
2025 est.$0.78B
France → Côte d'Ivoire
FR-CI
2024$0.41B
2025 est.$0.45B
UK → Nigeria
UK-NG
2024$20.50B
2025 est.$21.80B
France → Tunisia
FR-TN
2024$2.70B
2025 est.$2.90B

Source — World Bank KNOMAD Migration & Development Brief 40 (June 2024), Q4 2025 update · BCEAO / BEAC / Bank Al-Maghrib / CBN / BCT balance-of-payments releases.

Stablecoin Flow Indicator

USDC and USDT inflows, four regions.

RegionUSDC ($B)USDT ($B)MixYoYPeriod
Sub-Saharan Africa28.491.2
+47.3%Q3 2025
Latin America41.7124.6
+32.8%Q3 2025
MENA22.178.9
+38.5%Q3 2025
Southeast Asia33.6102.4
+29.1%Q3 2025

Source — Chainalysis Geography of Crypto 2025 · TRM Labs Stablecoin Usage Report 2025 · Artemis Analytics.

Regulatory Tracker

Where the law sits, six jurisdictions.

JurisdictionMiCAAIFMD IIPSAN / CASPUsury capStablecoinReviewed
FranceIn force (Dec 2024)Transposition by Apr 2026PSAN → CASP transition Jul 20267.20% (Q2 2026, BdF)legal2026-05-20
MoroccoN/AN/ABAM Circular 2/W/16 framework14% civil / 20% commercialrestricted2026-05-12
SenegalN/AN/ABCEAO Instruction 008-05-2015BCEAO 15% (Mar 2026)unclear2026-04-28
NigeriaN/AN/ASEC Digital Assets Rules (2022, revised 2025)CBN MPR + 6% spread cap on bank loanslegal2026-05-18
UKEquivalent regime in developmentN/AFCA crypto registration regimeNo statutory cap on consumer creditlegal2026-05-15
TunisiaN/AN/ALoi 2018-52 (crypto framework absent)BCT discount rate + 20% marginprohibited2026-03-30

Source — ESMA, AMF, BAM, BCEAO, SEC Nigeria, FCA, BCT primary releases. Compiled by the Nova Editorial Board.

SCPI Universe

Vehicles institutionally accessible to non-residents.

NameManagerTD 2024Délai jouissanceCap. (€M)DiversificationNon-resident
Épargne PierreAtland Voisin5.28%6m2640.0France 92% / EZ 8%Open
Remake LiveRemake AM7.79%3m580.0France 41% / EZ 48% / UK 11%Open
Iroko ZenIroko Gestion7.12%3m720.0France 28% / Germany 22% / Netherlands 18% / Other EZ 32%Open
Corum OriginCorum AM6.05%6m2880.020 EZ countriesOpen
Pierval SantéEuryale AM5.10%6m3120.0Healthcare RE — 8 EZ countriesOpen
ActivimmoAlderan5.62%6m1410.0France logistics 100%Closed

Source — ASPIM, IEIF Q4 2025 reports, société de gestion fact sheets (latest published).

Editorial caveat — None of the data on this page constitutes investment advice. Diaspora financing terms vary by individual profile; FX deltas are spot reference levels and do not reflect retail execution spreads. See /methodology for full sourcing and review cadence.