In general I assume most commercial transactions take place though a
network of banks/brokers who have relationships in the form of Letters of
credit and the like. Look at hawala as well.
On Thu, Jan 17, 2013 at 6:19 PM, > wrote:
>
> You either carry cash, or you use "letters of credit".
>
> Cash can include the equivalent of traveller's cheques.
Leonard, Traveler's Checks are a form of Letter of Credit
--
Evyn
network of banks/brokers who have relationships in the form of Letters of
credit and the like. Look at hawala as well.
On Thu, Jan 17, 2013 at 6:19 PM, > wrote:
>
> You either carry cash, or you use "letters of credit".
>
> Cash can include the equivalent of traveller's cheques.
Leonard, Traveler's Checks are a form of Letter of Credit
--
Evyn