Re:The Shadow Superpower
by 286c8cb04bda on Wednesday March 21, 2012 @03:33PM
(#3736159)
> 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.
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