Thursday, January 7, 2016

Hawala

Hawala or Hewala (Arabic: حِوالة‎, meaning transfer), also known as hundi, is an informal value transfer system based on the performance and honour of a huge network of money brokers, primarily located in the Middle East, North Africa, the Horn of Africa, and the Indian subcontinent, operating outside of, or parallel to, traditional banking, financial channels, and remittance systems.
at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

talk nineteen to the dozen

  to speak rapidly and without stopping

  • abstemious
    Marked by, or spent in, abstinence ; as, an abstemious life.
  • Nureongi
    Nureongi (누렁이) and Hwangu (황구; 黃狗) are Korean terms meaning "Yellow Dog" used to refer to tannish mongrel or landrace of dog in...
  • acrolect - mesolect - basilect
    Three portions of the post-creole continuum : acrolect ( linguistics ) The variety of speech that is considered the standard form. m...