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by 286c8cb04bda
5204 days ago
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> One thing the article doesn't mention is that the Somalis are actually making a pretty big impact as proprietors of a sort of 'banking' system for these kinds of transactions. That system is "hawala"[1]. The Somalian diaspora (caused by perpetual civil war) is spreading the institution into many countries where it's not been practiced historically. [1] http://en.wikipedia.org/wiki/Hawala |
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