Vocab Bloom Hub

hawala

/həˈwɑː.lə/

1 entry

noun

/həˈwɑː.lə/C1formal
  • ruСуществительное, обозначающее неформальную и основанную на доверии систему перевода денег через границы без физического перемещения средств или официальных банковских записей.

A noun referring to an informal and trust-based system for transferring money across borders without physical movement or formal banking records.

uncountable

  1. Informal money transfer systemC1formal

    A traditional, trust-based system for transferring money across borders without physical movement of cash or formal banking records.

    ruНеформальная система денежных переводов

    • Hawala is widely used in parts of South Asia and the Middle East.
    • The transaction was completed through a hawala network without any paper trail.
    • Authorities are investigating the use of hawala for illegal transfers.
Forms
  • hawalas plural form
  • hawalas' possessive plural form
  • hawala's possessive singular form