Catchword: hawala

Filed Under: Arabic, English, Money & Finance

Part of Speech: n.

Quotation: Generally, a Hawala is a system of brokers that provide a paperless banking system enabling individuals to transfer large sums of cash from one country to recipients in another country without the funds ever crossing borders or being recorded.

Article or Document Title:
“Last orders for bar banking?” (URL)

Author:
Ray O’Hanlon

Article, Document, Publication, Web Site:
Irish Echo

Publishing Location:
New York City

Date of Publication:
Aug. 24, 2005

This catchword has yet to be researched.