Have you ever heard of countries where nobody is granted permission of transacting with a money limit that has been set by the nation's government? Well, those countries exist. A good example in the African continent is Eritrea.
The country located at the horn of East Africa, bordering Sudan, Ethiopia and Djibouti, has no ATM machines like other civilized nations where such machines are plenty. Here, for a citizen to withdraw money, he/she needs to go to the bank where he/she will transact. Besides, nobody is allowed to withdraw over 330 US Dollars (which translates to around 36000 Kenyan Shillings).
The home to around 5.4 million people gained its independence on the year 24 May 1991 from Ethiopia and since then, the country has had only one president, Isaias Afwerki (pictured above), who is also the sitting president.
For one to get a SIM card, he/she needs to make an application to the local government before he/she is granted one. It is also said that no local owned TV nor Radio stations in Eritrea and many people call the nation "North Korea of Africa."
Do you think the move by the government of Eritrea to limit people from withdrawing a lot of money is good? Drop your comment in the comment section below.
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