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Informal value transfer systems

Mohammed Ahamed waits at a money-transfer business in Minneapolis to send money to his ex-wife in Somalia. About 40 percent of all Somali families rely on remittances from another country.

Somali Americans fight to save their lifeline of cash for relatives back home

Economics

It’s getting more complicated to send money to Somalia, and that’s a big deal in places like Minnesota where some Somali Americans have been wiring cash home for decades. Somali immigrants say the move is cutting off a vital lifeline — and may actually harm the fight against terror.

A fighter of the Islamic State of Iraq and Greater Syria holds an ISIS flag and a weapon on a street in the city of Mosul. Picture taken June 23rd, 2014.

How the US can take the fight to ISIS on the financial front

Business, Economics and Jobs
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