About this document
Understanding the Hawala System by silvernitrate1953 is a document available to read on EtoBox.
The document discusses the Hawala system, an informal value transfer system used in South Asia and the Middle East. It originated to safely transfer money during trade but is now commonly used by expat workers to send remittances home. Hawala transactions are conducted through a network of brokers and rely on trust and record keeping practices tailored to each operation. It offers advantages over formal banking like lower fees and faster transfers.
- Author
- silvernitrate1953
- Language
- EN