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Riyals, euros or dollars: Women money changers at heart of Djibouti's street economy


DJIBOUTI: They are a familiar sight on the busy streets of Djibouti: women clutching handbags bulging with dollars, euros, riyals and rupees, the money changers keeping the informal economy ticking over.
Perched on plastic chairs, feet propped on wooden steps, these “sarifley” as they are locally known are vital to the global cast of migrants, traders and soldiers passing through this tiny nation at the crossroads of Africa and Arabia.
Trading in money offers a safe, reliable way especially for women to feed their families, in a conservative country where they lag men in education and literacy.
“I have it all. Euros, English pounds, Turkish lira, dollars, Indian rupees, anything,” said Medina, who offered just her first name, flashing a purse she estimated held the equivalent of one million Djiboutian francs ($5,600/€4,700) in multiple currencies. ....

Saudi Arabia , Bab El Mandeb , Abdoulkader Houssein Mohamed , Rimbaud Square , Noura Hassan , Djibouti Center , சவுதி அரேபியா ,

Women money changers in Djibouti keeping the informal economy moving

The informal sector drives around two-thirds of economic activity in Djibouti, according to the Djibouti Center for Studies and Research. Those engaged in the sector are mostly women. They see this as an honest way to earn a living. ....

Saudi Arabia , Noura Hassan , Djibouti Center , East African , சவுதி அரேபியா ,