White Hawala and Black Hawala
------QUOTE------
“A sum of £6.1 million was transferred from the UK to an account of an international bank in Dubai. A small amount from this went to a hawala operator in Dubai, and since he was a registered hawala operator we could trace him,” said Al Moalem.
“Getting the hawaladhars registered with the Central Bank has advantages.”
He said the hawala system is widely used in the UAE and the labour class deserves to have an inexpensive system of remittance.
“But there are those who misuse it. You have the ‘black’ and ‘white’ hawala operators. So our aim is to put the bad ones down.”
------END QUOTE------
Emphasis added.
UPDATE: Even long-term readers of The Emirates Economist have expressed frustration that I did not supply information about hawala. In fact, if you check the archive you will find I have covered this before in my inaugural posting. You can confirm this by going to the first week of the archives. Better yet, give the technorati search in the sidebar a whirl. Using the default first radio button, it will provide the cosmos of all extant Emirates Economist posts mentioning hawala . Or explore the cosmos cosmos of all blog references to hawala via the second button. Add the technorati searchlet to your sidebar by going to http://www.technorati.com/members/searchlet.html
------QUOTE------
“A sum of £6.1 million was transferred from the UK to an account of an international bank in Dubai. A small amount from this went to a hawala operator in Dubai, and since he was a registered hawala operator we could trace him,” said Al Moalem.
“Getting the hawaladhars registered with the Central Bank has advantages.”
He said the hawala system is widely used in the UAE and the labour class deserves to have an inexpensive system of remittance.
“But there are those who misuse it. You have the ‘black’ and ‘white’ hawala operators. So our aim is to put the bad ones down.”
------END QUOTE------
Emphasis added.
UPDATE: Even long-term readers of The Emirates Economist have expressed frustration that I did not supply information about hawala. In fact, if you check the archive you will find I have covered this before in my inaugural posting. You can confirm this by going to the first week of the archives. Better yet, give the technorati search in the sidebar a whirl. Using the default first radio button, it will provide the cosmos of all extant Emirates Economist posts mentioning hawala . Or explore the cosmos cosmos of all blog references to hawala via the second button. Add the technorati searchlet to your sidebar by going to http://www.technorati.com/members/searchlet.html
Labels: hawala
posted by John B. Chilton at 4/05/2005 08:34:00 AM
1 Comments:
I do like your blog. Did you previously live in the UAE?
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