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Michael Kimani @pesa_africa
, 5 tweets, 1 min read Read on Twitter
"In the Democratic Republic of Congo (DRC) , mobile phone airtime is the new currency exchange. Touts in Kin­shasa are re­selling air­time cards at high ex­change rates in an­tic­i­pa­tion of do­mes­tic cur­rency de­pre­ci­a­tion." 2016
"Mo­bile phone air­time touts on the streets of the Demo­cratic Repub­lic of Congo’s cap­i­tal have be­come the lat­est tar­get in the govern­ment’s at­tempt to stop the slide of the Con­golese franc." /2
"The traders who ped­dle mo­bile credit to pedes­tri­ans in Kin­shasa must stop spec­u­lat­ing on the ex­change rate and sell $1 air­time cards for no more than 1,000 Con­golese francs (Dh4), ac­cord­ing to a state­ment is­sued this month." /3
"The traders who ped­dle mo­bile credit to pedes­tri­ans in Kin­shasa must stop spec­u­lat­ing on the ex­change rate and sell $1 air­time cards for no more than 1,000 Con­golese francs (Dh4), ac­cord­ing to a state­ment is­sued this month" /4
"The touts, who buy the air­time cards in dol­lars, have been re­selling the min­utes at ef­fec­tive ex­change rates as high as 1,200 francs in an­tic­i­pa­tion of a fur­ther de­pre­ci­a­tion in the do­mes­tic cur­rency." /5
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