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- I’ll never tire of sarcastic single serving sites.
- Hawala: The Working Man’s Bitcoin
A cautious World Bank paper cites a rigorous study that found that hawala payments “account for up to 15 percent of small-scale trade between India and Bangladesh.” A less conservative academic paper cites a 2003 study finding that informal transfer systems like hawala account for $100-$300 billion in annual flows, an Interpol estimate from the same year that almost 40% of India’s GDP moves through the hawala system, and the Pakistani finance minister claiming in 2000 that only one sixth of Pakistani money transfers went through traditional banks.
- Papers on hawala from the Centre for Applied South Asian Studies.
- The Restart Page
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