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Author: James F Frayne Publisher: Lulu.com ISBN: 1326870777 Category : Reference Languages : en Pages : 256
Book Description
Hundis refer to financial instruments which evolved on the Indian sub-continent and appear to have been in use there from at least the sixteenth century. They were used in trade and credit transactions and, as such, were used as remittance instruments for the purpose of transfer of funds from one place to another. In the days of the Princely States and the British Raj these hundis served as Travellers Cheques. What makes hundis so interesting is the sheer variety of them and the uses to which they were put. As a safety precaution, moreover, they were usually written in an elaborate script which only bankers knew how to read and write. They are still used in India today, even though the resources of modern banking are available for most commercial transactions.
Author: James F Frayne Publisher: Lulu.com ISBN: 1326870777 Category : Reference Languages : en Pages : 256
Book Description
Hundis refer to financial instruments which evolved on the Indian sub-continent and appear to have been in use there from at least the sixteenth century. They were used in trade and credit transactions and, as such, were used as remittance instruments for the purpose of transfer of funds from one place to another. In the days of the Princely States and the British Raj these hundis served as Travellers Cheques. What makes hundis so interesting is the sheer variety of them and the uses to which they were put. As a safety precaution, moreover, they were usually written in an elaborate script which only bankers knew how to read and write. They are still used in India today, even though the resources of modern banking are available for most commercial transactions.
Author: Keith Hart’s Publisher: Berghahn Books ISBN: 178533560X Category : Social Science Languages : en Pages : 314
Book Description
A human economy puts people first in emergent world society. Money is a human universal and now takes the divisive form of capitalism. This book addresses how to think about money (from Aristotle to the daily news and the sexual economy of luxury goods); its contemporary evolution (banking the unbanked and remittances in the South, cross-border investment in China, the payments industry and the politics of bitcoin); and cases from 19th century India and Southern Africa to contemporary Haiti and Argentina. Money is one idea with diverse forms. As national monopoly currencies give way to regional and global federalism, money is a key to achieving economic democracy.
Author: James F Frayne
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Author: Keith Hart’s