Emirates Post opens window to Somalia money transfer
By Sunita Menon, Staff Reporter
DUBAI, 1 July 2003 (Gulf News)--Somalis in the UAE will now be able to transfer money legally. This has been made possible under a cooperation signed by Emirates Post and Somal Post.
Prior to the cooperation, the popular mode of money transfer used by Somalis was hawala. As for delivery of mail to and from the country, it was at the mercy of international voluntary organisations in Somalia.
It was news all around the world when the Somalian money transfer company Al Barakat was closed by the FBI. MORE