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.
So yes, you're on the mark here.