File:Hawala.png
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Summary
Example for the <a href="https://en.wikipedia.org/wiki/en:Hawala" class="extiw" title="wikipedia:en:Hawala">Hawala banking system</a>: Person A wants to transfer money to person B, using the services of the "hawaladars" X and M.
- 1. A hands the money (red) to his hawaladar X and also tells him the code word (blue).
- 2a. Then, A tells B the code word.
- 2b. Independent of this, X tells the code word to M.
- 3a. B tells the code word to M...
- 3b. ...which shows to M that B is a legitimate receiver of the money, so he hands over the money to B.
Legend: blue = shared code word is being told, red = money is handed over
Created with dia, version 0.96.1
Also see <a href="//commons.wikimedia.org/wiki/File:Hawala.svg" title="File:Hawala.svg">File:Hawala.svg</a>.
Licensing
Lua error in package.lua at line 80: module 'strict' not found.
File history
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 12:28, 7 January 2017 | | 1,116 × 604 (60 KB) | 127.0.0.1 (talk) | Example for the <a href="https://en.wikipedia.org/wiki/en:Hawala" class="extiw" title="wikipedia:en:Hawala">Hawala banking system</a>: Person <i>A</i> wants to transfer money to person <i>B</i>, using the services of the "hawaladars" <i>X</i> and <i>M</i>. <ul> <li> 1. <i>A</i> hands the money (red) to his hawaladar <i>X</i> and also tells him the code word (blue).</li> <li> 2a. Then, <i>A</i> tells <i>B</i> the code word.</li> <li> 2b. Independent of this, <i>X</i> tells the code word to <i>M</i>.</li> <li> 3a. <i>B</i> tells the code word to <i>M</i>...</li> <li> 3b. ...which shows to <i>M</i> that <i>B</i> is a legitimate receiver of the money, so he hands over the money to <i>B</i>.</li> </ul> <p><i>Legend:</i> blue = shared code word is being told, red = money is handed over </p> <p>Created with <i>dia</i>, version 0.96.1 </p> Also see <a href="//commons.wikimedia.org/wiki/File:Hawala.svg" title="File:Hawala.svg">File:Hawala.svg</a>. |
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