Circulating Remittances, Arbitraging Value

By Smoki Musaraj

Institute for Money, Technology, and Financial Inclusion

University of California, Irvine

Durim’s book of accounts of deposits to the pyramid scheme, Gjallica.

Photo by Smoki Musaraj, September 2008.

The Moneychangers at “Kapelja,” (The Hat) Vlora, 1996

Photo credits to Peace Corps Volunteer, Robert Nagle

Thresholds of Value Conversion

Currency Display, Immigrant Remittance CurrenciesLight Shop, Tirana, 2009