December 16, 2011
Story by Eric Blom
Somali people in Minnesota who send money to east Africa are still concerned that the method they use to transfer funds to family members in Africa will soon shut down. Earlier this month, the Franklin Bank in Minneapolis announced it would stop working with “hawalas” on the fund transfers. The deadline was this week. Franklin Bank is the only local bank currently willing to make these transactions.
But Wednesdays deadline passed without incident and the fund transfers are still going on. KFAI’s Eric Blom explains.
KFAI Web Exclusive
Can't get enough of the programs you hear on the air? Then check out KFAI's Web Exclusive programming for the no-holds-barred, uncut content that you won't find anywhere else! New episodes are uploaded every Thursday, so look beyond the radio-dial!
Listen to News podcasts