In Israel, the “gray market” is a term relating to financial entities, operating outside the mainstream financial system. Non-bank financial institutions involved in various activities in this area. They provide similar services to banks, such as granting loans, Check cashing, conversions and acquisitions of foreign exchange, transfer and receipt of foreign currency and the like. They’ve acquired through the years a doubtful and sometimes violent criminal reputation.
Until recently these organs ran their activities in the shade. Nowadays with the revolution of the social media, these entities positioned themselves as empowering agents o the populous, presenting themselves as a viable alternative to the banking monopoles which govern the Israeli financial reality.
Published in G Magazine, Globes.