Much of the cash thus released goes into deposit accounts or is saved in other forms.

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Certainly, many investors are choosing to move their assets away from stocks and into cash products such as money market accounts and certificates of deposit.

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Operators, known as hawaladars, pool remittance cash with funds from their other businesses and deposit them into traditional bank accounts or dollar-denominated accounts in Dubai or other financial centers.

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Regarding cash deposits, most people know that the Federal Deposit Insurance Corporation guarantees accounts for up to 100, 000 dollars, or in the case of many individual retirement accounts, up to 250, 000 dollars.

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