Thursday, September 10, 2009

'Gettin By' in the Micro-Informal Economy

A peek at the 'informal economy' from Esteyonage, the 'Gettin By' series:
Profession: Moneychanger and Phonecard Vendor
Location: Street Corners, Storefronts, Money Booths
How it Works: The existence of money changers hinges on two basic realities: a dual-currency economy and a banking system that is so slow, its not worth waiting every day to get the better rates. A small niche,but an important one.
More here
via Texas in Africa

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