Money-wiring shutdown worries local Somalis
| Local banks recently shutdown money-wiring services for local Somalis. |
Last month, owners of Somali money-lending businesses, called hawalas, were notified by St. Paul-based Sunrise Community Banks that they would no longer be able to wire money back home. Sunrise was the last bank in Minnesota to offer that service.
The news posed a huge problem for the area's 32,000 Somalis, many of whom have family in East Africa that rely on money transfers for basic needs.
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