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Politics : New FADG.
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To: Hawkmoon who wrote (793)5/23/2007 6:10:32 PM
From: kumarRead Replies (1) of 4152
 
Hawala : in general, a hawala transaction offers a better rate than the bank rate, and faster receipt of the money than thru a bank. The reason is usually, the person at the other end wants to move "unaccounted money" out of the country.

BTW : I used to use this mechanism in the past, but no longer do, because Indian banks have progressed in tech terms, and I can do a wire transfer which is equally fast.
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