Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.

Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.

Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.

Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.

Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.

Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.

Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.

Thanks for posting that. Tracy covered Somalia remittances and Hawala over a year ago here:http://projectdiaspora.org/2008/01/09/the-somalia… It's an effective system that works in the absense of a traditional banking system. Another Example of Africa innovating it's way out of a tough situation. The system also is effective because of the uniques nature of Somalia Diaspora. They are the largest migrant population per capita. More than any other African state. You can find other interesting figures in this research note byCaitlin Chalmers and Mohamed AdenHassan: My guess is that the same system would face growing pains in thepresenceof an established banking system & central bank with established banking regulations.

Hawala thrives in the absence of / and in spite of the lack of a centralized banking system. Truly another example of Africa innovating to solve it's own problems.