like buying potatoes

International desk: like buying potatoes Businessmen sitting with bags of money in lines on the side of the road, customers are buying money as they need! That’s like buying potatoes and potatoes…!

Surely you think this is a story! Is this possible in reality? Yes! There is such a unique market in the small African country of Somaliland. Money is sold there. Not fake or fake, only real money!

During the day and afternoon in the open streets, the buyers are carrying money in their bags, which is called ‘shilling’ there.

In ancient times, business was done through barter, but in the 21st century? Naturally before the question in mind! In fact, Somaliland’s financial structure is responsible for this. This situation has arisen due to the massive fall in the value of the shilling.

In 2000, one dollar was close to 10,000 shillings. At the beginning of 2017, one dollar was equal to 9 thousand shillings. So if you spend a little in terms of dollars or euros, you can get a few kilos of notes!

Due to such devaluation of the shilling, the importance of Somaliland’s currency has gradually started to decline.

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The price of money is so low here that there is no additional security in this money market! Even the mugger-thief-robber was not interested in stealing this shilling. Therefore, shillings are being sold on the side of the road!