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The Paradox of Cash in Guinea: Why 94% of Banknotes Outside the Banking System Leave the Informal Economy Behind
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1 Articles
By Aboubakr Kaira Barry, Managing Director of Results Associates, consulting firm based in Bethesda, Maryland, United States. Guineans experience a liquidity shortage that seems to defy all logic. Conakry's cambists explain to their customers that they no longer have frances available. Banks limit withdrawals. Traders and carriers claim that cash has become difficult to find, even for the most modest transactions. Read more»
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