Bangladesh has been undergoing a severe economic crisis since the breakout of the Russia-Ukraine war. Many aspects exacerbate the economic situation including the shortage of foreign currency reserves ...

Hundi is a way of money transaction outside the conventional banking system. It can also be called an informal document of commercial exchange and transaction. Technically, hundi is a written ...

In the hustle and bustle of Chowk Yadgar, formerly known as the Hasting’s Memorial, a young man, whilst shouting “come purchase dollars and dinars,” can be seen frantically beckoning passersby to come ...

Hundi might be informal, but it is quite well-organised and more importantly, it is perceived to be much easier and more convenient in comparison to the formal banking system. The statistics speak for ...

What is the reason behind hundi's existence? Why is it considered problematic, if other informal money transfer mechanisms aren't considered the same? And if hundi is so wrong, why aren't the ...

Nepal is hugely dependent upon remittance; so much so, 32 per cent of our GDP comes from remittance. However, only a limited portion of remittance comes into Nepal through formal channels. Recently it ...