Friday, February 08, 2002

Sending Money by South-Asian Union-Interesting and very in-depth breakdown of Hawala (the generally-honorable-but-underground money-transfer system common in Arab and South Asian countries) by the Kolkata Libertarian. Hawala got some press in October as one of the funding vehicles for al Qaeda (it had flown under Finance Man's radar until then) and is starting to get a second look. Big bullet points-"everyone" uses them in their home turf; trying to ban them or bring them into an Anglosphere banking motif won't work well.

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