Question

what is hundi system?

Answer 1

Hundi system is actually an informal system where can be transferred, and also in which local agents distribute or collect money or goods on account of their friends,relatives,or other agents. It is trusted that all obligations will remain, and they will be settled through future transactions. The Hundi system is mostly used in South Asia.

Answer 2

Hello Friend!!!
In olden days the paper currency is known as Hundi...