Tag Archives: Federal Reserve Bank

In Praise of Hawala By J. Orlin Grabbe

A typical hawala transaction in Dubai, here on the shore of the Persian (Arabian) Gulf, might go like this. Iqbal, a Pakistani working in the Jebel Ali Free Zone, gets paid in cash, in UAE Continue reading

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Iran bans US dollar

The government of Iran imposed new restrictions on the use of the US dollar in the country. The use of the US dollar for import operations in the Islamic Republic of Iran has been banned from February 28, Forbes reports … Continue reading

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  Intelligent Report   A Bangladeshi national, Quazi Mohammad Rezwanul Ahsan Nafis, was arrested for allegedly attempting to detonate what he believed was a 1,000-pound bomb at the Federal Reserve Bank of New York in Manhattan. A press release from the … Continue reading

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