http://uhwikizevog5aj4aiepeseafcxqamnzrpdmnnxaj7y2ek3am4vdoilqd.onion/index.php?title=In_Praise_Of_Hawala
Instead, the local hawaladar in Karachi deals on the white market and gets a market-determined exchange rate. (The central bank calls the free market in currencies a "black market," but since the market involves voluntary exchanges between individuals, it should be referred to as a "white market" — or maybe not, depending on your psychological associations with colors.)
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