WorldJuly 31, 2026
hundi
HUN-dee
Definition
A traditional, informal system of money transfer used widely in South Asia and parts of the Middle East, operating outside of conventional, regulated banking channels.
Etymology
The word originates from the Hindi term 'hundi', which refers to a financial instrument like a bill of exchange or promissory note, stemming from the Sanskrit 'hund', meaning to collect.
In the news
In the article, the hundi system is described as an essential, often informal method for moving money in Myanmar that the military regime is targeting under the guise of anti-money laundering enforcement.
Rules or Ruse? Myanmar’s Anti-Money Laundering Efforts Coerce Compliance with a Rigged Financial System
Read the full article ↗fulcrum.sg