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37 sats \ 0 replies \ @398ja 5h \ on: Tanzania Government Bans Use of Foreign Currency econ
In Cameroon, we use the euro a lot. It's like the second, unofficial, currency. Everyone wants them.
I visited Cape Verde a few years ago, the usage of the euro is even more prevalent there, due to tourism. The exchange rate of 1:100 makes it very easy to use, no mental gymnastics...
This seems to be a trend in Africa in general, where Western currencies tend to be used as a SoV, i suspect the ban will only create a black market for USD, and EUR...