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Nairobi Residents Turn to Community Currency

Several low-income settlements outside Nairobi are using a new community-based currency called "pesas," which are equal in value to the Kenyan shilling and can be spent in the community just like cash. In Kawangware, an informal settlement on the outskirts of Kenya’s capital, students make their way to Sifa Primary School and pay their tuition with Gatina pesas. The school is one of several institutions that accepts the community currency. Teacher Josephine Ouma said the...

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