This paper presents the findingsanalyses and conclusions of a study on the operational characteristics of informal hawala which is used predominantly in the middle east and south asia the study used the term informal hawala system to refer broadly to money transfers that occur in the absence of or are parallel to formal banking sector channels. Since the terrorist attacks of september 11 2001 there has been increased public interest in informal funds transfer ift systems this paper examines the informal hawala system an ift system found predominantly in the middle east and south asia the paper examines the historical and socioeconomic context within which the hawala has evolved the operational features that make it . Recent occasional papers of the international monetary fund 222 informal funds transfer systems an analysis of the informal hawala system by mohammed el qorchi samuel munzele maimbo and john f wilson 2003 221 deflation determinants risks and policy options by manmohan s kumar taimur baig jrg decressin chris faulkner . This paper does not provide a comprehensive study of the different types of informal funds transfer systems operating in the world today rather by focusing on one the informal hawala system it provides an analytical framework for understanding the incentives for using nonbanking channels to transfer funds and the possible economic legal and regulatory challenges presented by these . Informal funds transfer systems an analysis of the informal hawala system by mohammed mr el qorchisamuel mr maimbojohn mr wilson occasional papers book 222 thanks for sharing you submitted the following rating and review well publish them on our site once weve reviewed them
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