Finance

Foreign Remittances

Each year, tens of millions of people migrate all over the world in search of safety, economic prosperity, or a better quality of life. Although split by national boundaries, many families still rely upon migrants for support, resulting in a global flow of money and remittances. In this episode, we will discuss foreign remittances and their impact on the source and recipient countries.

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Hawala Houses

Millions of people around the world do not have access to formal banking or means of transferring money across borders. A popular substitute is the “Hawala House,” an efficient and informal alternative money exchange system. In this episode, we explore this ancient form of banking that operates “off the books.” But while Hawala Houses boast a deeply trusted and reliable network of brokers, they also provide a secure way of financing illicit activities such as terrorism.

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Take a look at some of our favorite articles that we came across while researching this topic:

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