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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The Roles of Customary and Modern Money in the Rural Exchange Economy of Malawi
Author:Chipeta, W.
Year:1970
Periodical:East African Journal of Rural Development
Volume:3
Issue:1
Pages:45-56
Language:English
Geographic term:Malawi
Subjects:currencies
money
grain processing
Peoples of Africa (Ethnic Groups)
Economics and Trade
Abstract:Peasant farmers may prefer either modern money or customary money (the produce as means of payment) as payment for milling, fish, and other goods. This study is concerned with the share of mill-owners and traders in accepting customary money, a weighing of the relative advantage of maize grain and modern money payments to grain mill owners and customers, and the factors which influence the choice between the use of customary money and modern money. Different patterns of use are measured in nine areas spread across the country. Three tables, notes, ref.
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