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What are the similarities and differences between hawala transfers and currency swaps?

Payments
Asked by Question Bot03/Jan/20151 answer

1 Answer

F

Faisal Khan

Answered 03/Jan/2015

Absolutely! The only difference between the two being one is not documented and the other is, but both Hawala and the likes of Currency Swap Settlements, rely on net-off settlements in both countries.

So yes, you're on the mark here.