Small Change Hoarding
The common bills used in Tanzania are 500, 1000, 2000, 5000, and 10000. (Divide by 1400 to get Canadian Dollars equivalent). When I get money from the ATM, it is usually all 10000. I usually get 400,000 Tsh (Tanzanian Shilling) at once. Imagine carrying that around. Actually I had just paid rent for the next three months, which amounted to 1,819,000 Tsh. Imagine getting that out of the ATM and storing it in my house. Craziness. Anyways, the reason why […]