STREET vendors are turning to cash dealing as the search of the elusive United States dollar continues to intensify, amid growing shortages.
Vendors are now aiming at selling a higher quantity of goods at a cheaper price especially chocolate bars and small packets of chips.
For example, Pascal chocolate bars are being sold for $1 for four against the market price of $0,50 each. A small packet of chips is being sold at $1 for three against a market price of $0,50 per packet.
After the vendor receives the cash in United States dollars they sell it in exchange for bond notes and use it to buy a higher quantity of their goods. If the cash comes in bond notes, they buy dollars and sell it at a higher mark-up to cover the loss made on their product while also including their profit margin.
Selling cash comes with a 20% to 30% mark-up.