The E-Sylum:  Volume 7, Number 8, February 22, 2004, Article 12

AFGHANISTAN STUDY

  Ralf W. Böpple of Stuttgart, Germany writes: "The following
  might be of interest for the E-Sylum readers, although it is
  slightly out of the field of numismatics:  To all of you who are
  interested in bank history and the economics of banking, I
  would like to bring to your attention a highly interesting
  study of the financial services market in Afghanistan.

  From the abstract of Samuel Munzele Maimbo's "The Money
  Exchange Dealers of Kabul", World Bank Working Paper
  No. 13, September 2003: "Money exchange dealers, or
  hawaladars, have long provided their customers with a reliable,
  convenient, and inexpensive means of transferring funds into
  Afghanistan and among its provinces. They offer a diverse
  range of financial and non-financial business services at the
  local, regional, and international level."

  Once operating parallel to the banking system, after the
  collapse of the latter this traditional and reliable system of
  informal funds transfer is now even used by international
  institutions for the transfer of funds into the region. The
  study can be purchased for download from the World
  Bank publications website. See AFGHANISTAN STUDY

  Wayne Homren, Editor

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