Newark An 8.3 level earthquake hit Chile in recent days. The quake lasted three minutes. The tsunami carried boats from the port onto city streets along the coast. One million people were evacuated. Over 100,000 continue not to have electricity. Many are displaced. Amazingly, the death count has been relatively minor for such a tragedy …
Tag: fees
Informal Hawala Remittance System Huge, Competitive, and Dangerous
New Orleans Yesterday on the ACORN International website (www.acorninternational.org), we released the third of our investigative, research reports in connection with our Remittance Justice Campaign. The bottom line is that the amounts of informal transfers are huge and underestimated. They are wildly cheaper by many orders of magnitude (0.25% to 1.25% compared to World Bank …