Meaning of hawalla | Babel Free

Definitions

Noun. [B1]

Examples

“In view⟳ of the provisions of the Payment of Wages Act, the question⟳ as to whether “hawalla payments” arranged by mill agents to their operatives going on leave⟳ should continue⟳ to be made since interest⟳ on such payments is no longer permissible, was considered by the Labour and Technical Advisory […]”

“It is much more difficult when you are dealing with underground banking systems, hawalla systems, et cetera, when expatriate workers are trying to transfer⟳ money back home and there are no records or very little records to speak⟳ of.”

“Twenty-seven-year-old Abdul Salaam, his 50-year-old brother Haji Osman Khan and his 19-year-old cousin Noor Aslam ran a hawalla (a money exchange⟳/forwarding business) with branches in Pakistan and the UAE.”

“Informal remittances in turn⟳ can also be stimulated by resorting to hawalla or other informal institutions during a disaster aftermath (Harvey 2007).”

“Where remittances from/to individuals abroad represent⟳ a significant share⟳ of FX inflows, an overvalued official exchange⟳ rate will tend⟳ to motivate⟳ some people to use⟳ informal channels for remittances—whether the use⟳ of cash, or other channels such as hawalla—and this can lead⟳ to a widening of the spread⟳ between the official and parallel markets.”

CEFR level