Pakistan’s Parallel Foreign Exchange Market
May 15, 2015
In a fascinating paper by Asma Khalid (from the State Bank of Pakistan) titled ‘Pakistan’s Parallel Foreign Exchange Market’ published by the Lahore Journal of Economics, we get a unique look at the structure of the parallel foreign exchange market in Pakistan.
The paper gives a comprehensive picture of the structure and evolution of this market in Pakistan. The author starts with a brief historical perspective, which flags the importance of workers’ remittances to the country and explains how the bulk of this inflow is transacted through the hundi/hawala network (informal money changers).
Read more »Labels: Foreign Exchange, Hawala, Hundi, Informal Economy, Lahore Journal of Economics, Lectures, Macro-Economy, Pakistan
posted by S A J Shirazi @ 5/15/2015 02:00:00 AM,
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