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Notes sold in Kilos: Story of Street Vendors Exchange Stacks of Money in Somaliland

Notes sold in kilos on the roadside, can be purchased bundle of bundles

Shehnaz by Shehnaz
October 9, 2020
in World
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Notes sold in kilos on the roadside, can be purchased bundle of bundles
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Have you ever seen notes sold?

  • Today we will tell you about a country where bundle notes of bundles are sold on the roadside in the market.
  • We are talking about Somaliland, the country of Africa.
  • Money will be found on the roads in Somaliland as a waste in the shape of a bundle.
  • Here, notes sold in kilos at the roadside, you can buy bundles of bundles

Everyone knows that everything can be bought from notes. But, can notes also be bought from the market? Or just say, have you ever seen notes being sold? If your answer is no, then today we will tell you about a country where bundle notes of road bundles are sold in the market. We are talking about Somaliland, the country of Africa.

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Stacks of Money in Somaliland

You will be surprised to know that money will be found on the roads in Somaliland as a waste in the shape of the bundle. Here thick bundles of notes will be openly lying on the roads without any security. Let me tell you that Somaliland is a self-proclaimed country, which is considered to be part of the other African country of Somalia internationally. It is located to the east of the African continent.

Somaliland is a poor country

Let me tell you that Somaliland is a very poor country. It came apart from Somalia in 1991 during the Civil War. There is no perfect system, hence the currency is in such bad condition. The employment situation here is very bad. On the other international level, no country has given Somaliland the status of a new country.

Not like currency

The currency in Somaliland is very bad. Let me tell you that the currency here is shilling. Actually, this country’s currency has no value in other countries. Secondly, inflation has increased to an extent. It is said that if you want to buy bread, then you will have to take a sack to the currency at the shop. That is why only 500 and 1000 currency notes are used here.

Why are notes sold?

With no value of the currency, the people of Somaliland worry that their currency may be worthless at any time. Therefore, people there sell their currency in less money and save it from ruin. You will be surprised to know that 50 kilogram shillings can be purchased in Somaliland for US $ 10. Bringing this much cash is a big challenge in itself. With so much money you will not be able to buy a lot of goods.

Source: www.patrika.com

Tags: exchange stacksMiscellenous World NewsMiscellenous World News in HindiMiscellenous World Samacharmoneymoney sellingOther news of the worldSomalilandStreet vendors
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Shehnaz

Shehnaz

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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