British Museum blog

Navigating currency on the corner


Maxim Bolt, researcher, British Museum

What does researching money – on the ground – actually involve? Recently, in my ongoing fieldwork in Malawi, it has involved a lot of time in The Corner Salon (this is a pseudonym, in the sense that I made it up, as it is ethical research practice to keep subjects studied anonymous), a small, wooden structure painted in the bright colours of a mobile phone operator. This may be a little surprising. But, unlike practitioners of many other social sciences – with their broad coverage and formal methods like survey questionnaires – anthropologists attempt to get in deeper. This means getting to know, personally, the people whose lives we are learning about.

For the Money in Africa project, it means coming to understand the monetary priorities and concerns of Malawian businesspeople themselves. It means appreciating how The Corner’s owners – sisters Yami and Flora (also pseudonyms) – navigate their salon through Malawi’s current foreign exchange shortage.

The city of Blantyre, Malawi

The city of Blantyre, Malawi

The Corner is in a high-density residential area of Blantyre, Malawi’s economic hub, and the salon is facing hard times. The economy has been badly hit by recent foreign exchange shortages – the result partly of donor funding cuts – and people are more careful about spending their money. But for Yami and Flora, the difficulties run much deeper. The sisters used to buy their hair extensions, straightener, and conditioner in South Africa, but it has become much harder to acquire South African Rand. They have turned to buying from Dar es Salaam, in Tanzania, because it is easier to buy Tanzanian shillings.

But even this is no simple matter. Yami currently relies on her husband’s import-export business for transport. He cannot make another trip until he has sold his current stock, yet another challenge in Malawi’s climate of uncertainty. Yami worries that she will not have stock in time for her Christmas clientele. Flora, meanwhile, is considering returning to South Africa, to return to her earlier employment there as a domestic worker. At least that way, she reasons, she can remit her earnings in the form of hair products, keeping the salon in stock. This is, of course, a great way to sidestep the foreign exchange problem. But Yami is worried. The departure will break up the salon’s team, leaving her alone with the business, as well as her own and Flora’s children.

This is a story about two sisters’ business, and their attempts to import hair products. But, through it, we can begin to understand what monetary problems look like in reality, today, as small businesspeople navigate the region’s different currencies. Such a perspective is key to the British Museum’s Money in Africa project, which investigates money in action, beyond the glass cases of the Museum. The results of this research will be drawn together in a broad-ranging, comparative, collaborative and multidisciplinary study.

If you would like to leave a comment click on the title

Filed under: Money in Africa, Research, , ,

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 9,410 other followers

Categories

Follow @britishmuseum on Twitter

British Museum on Instagram

King of Persia Cyrus the Great entered #Babylon #onthisday in 539 BC. This iconic clay cylinder, known as the Cyrus Cylinder, is inscribed in Babylonian cuneiform with an account by Cyrus of his conquest of Babylon in 539 BC and the capture of Nabonidus, the last Babylonian king. 
The cylinder has sometimes been described as the 'first charter of human rights', as it describes measures of relief Cyrus brought to the inhabitants of the city after its capture. However it in fact reflects a long tradition in Mesopotamia where, from as early as the third millennium BC, kings began their reigns with declarations of reforms. 
#history #art Experience the pleasures of the early Ming court in an evening of performance, demonstrations, talks and workshops on Friday 14 November. Free, just drop in #Ming50Years 
#event #free #china #art #onthisday in 1420: Beijing is officially designated the principal capital of the #Ming empire. Find out more about the Forbidden City and this beautiful hanging scroll in a new tumblr post at britishmuseum.tumblr.com #Ming50Years
#China #art #history #Beijing This half-term is the perfect time to visit our groundbreaking exhibition #8mummies! Kids under 16 go free and families can pick up a free family trail #MummyMonday 
#mummy #halfterm #holidays #family Athelstan, the first King of England, died #onthisday in 939. This silver coin was minted in York
#coin #history #England Artist Mary Moser was born #onthisday in 1744. In 1768 she was one of only two female founding members of the @royalacademyofarts (the other being Angelica Kauffman). Here's one of her watercolours
#history #art #watercolour
Follow

Get every new post delivered to your Inbox.

Join 9,410 other followers

%d bloggers like this: