Money reaches from one place to another through Hawala. You must have heard the word Hawala many times in films and police investigations. But do you know what Hawala is and how money reaches from one place to another. Today we will tell you how in Hawala, you can get lakhs and crores of cash by just showing a note.
Hawala
First of all, let us know what Hawala is and how money reaches from one place to another through it. Let us tell you that Hawala is an informal money transfer system. In this, money is transferred from one person to another without the actual movement of money. According to the rules, this is an illegal and simple process. For which no documentation is required and this whole work is done only on trust. Therefore, it is an anonymous system of money transfer.
How does money reach?
Now the question is how money reaches from one place to another without sending physical money. In simple language, you can understand that if you have to transfer about 20 crore rupees in cash from Delhi to other parts of the world and the country, then you will have to pay many charges for transferring it from the bank. Apart from this, you will have to tell different agencies where the money came from and for what purpose it is going. But through hawala, crores and billions of rupees are sent from one country to another illegally, for which some commission is charged. All these transactions are done through a trust. Let us tell you that most of the illegal work is done in this way, currency transactions like rupee, dollar and dirham etc. People often use a note to take money through hawala, this note comes from the place from where the money is sent.
History of Hawala
Let us tell you that sending money through hawala is a very old method. According to information, earlier trade used to take place from China to Arab and European countries through the Silk Route. India also used to trade through this route. In those days, traders used to travel from one place to another by riding camels. However, this was not so easy, during this time they had to face thieves and robbers on the way. In this, they often had to suffer financial losses. During that time, traders used the hawala method to arrange money from one place to another.
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