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-   -   Blackmarket money exchange in East Africa? (https://www.horizonsunlimited.com/hubb/travellers-questions-dont-fit-anywhere/blackmarket-money-exchange-east-africa-104989)

frameworkSpecialist 13 Jan 2024 12:59

Blackmarket money exchange in East Africa?
 
I managed to get a nice of double the bank rate when I exchanged money in Ethiopia. Is this the case for all African countries?

Currently in Kenya and would love to get a better rate than the official one.

parabola 8 Jul 2024 09:40

While you might find better rates through black market exchanges in some East African countries, it's important to note that these transactions are illegal and can be risky. In Kenya, for instance, using authorized exchange services or banks is safer and ensures you comply with the law. The official rates might not always be the best, but they offer security and legality that black market exchanges don't provide. Always consider the potential legal and personal safety risks before engaging in such transactions.


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