Mali extremists destroy another four Timbuktu mausoleums



BAMAKO, Mali // A tourism official says that Islamist extremists destroyed four mausoleums in Timbuktu today.

The director of Mali's Timbuktu tourism office, Sane Chirfi, said that Ansar Dine rebels linked to Al Qaeda in the Islamic Maghreb tore down the mausoleums, which were historic but not included on the United Nations list of World Heritage sites. The mausoleums housed the remains of Muslim scholars and teachers who are revered by the Timbuktu population.

Since taking control of Timbuktu earlier this year, the Islamists have destroyed seven of the 16 mausoleums listed as world heritage sites. Some date back to the 14th century.

According to many residents, the destruction of the graves is the rebels' reaction to the recent UN resolution calling for an international military intervention to remove the Islamists from northern Mali.

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

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The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

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The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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