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The reinvention of the market from below: the end of the women's money changing monopoly in Kinshasa

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  • Tom De Herdt
  • Stefaan Marysse

Abstract

Zaïre's transition to the Third Republic (1990–1997) was characterised by the decline of the national currency and the economy's partial dollarisation. This article describes the origins of the different types of cambistes(informal money exchange brokers). It argues that the evolution of the market of foreign currency is not only determined by changes in economic opportunities, but also by different kinds of social identity the cambisteshave adopted. More generally, insight is gained into the social re‐structuration of the market in an almost stateless society.

Suggested Citation

  • Tom De Herdt & Stefaan Marysse, 1999. "The reinvention of the market from below: the end of the women's money changing monopoly in Kinshasa," Review of African Political Economy, Taylor & Francis Journals, vol. 26(80), pages 239-253.
    • Handle: RePEc:taf:revape:v:26:y:1999:i:80:p:239-253
    DOI: 10.1080/03056249908704381
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