“Information is the oil of the 21st century, and analytics is the combustion engine.”
– Peter Sondergaard
Big data is a vague term for a massive phenomenon that in recent years has become the center of much debate and controversy. A massive pool of data has resulted from the widespread use of mobile technology, internet traffic, and social networks, enabling people around the world to access banking services, employmentinformation, medical services, and markets
and employment. Information about sudden changes in currency design may therefore not easily reach such informal actors.
Because the informal sector is largely unbanked and therefore almost entirely cash based, wide recognition and acceptance of coins and banknotes are crucial to its effective operation. So the Reserve Bank announced it would sync the launch of the new banknotes with national road shows, taking samples of the new notes to “retail malls, transportation hubs, and pension pay points in urban and rural areas of the country’s nine
45. Based on existing population estimates and preliminary data from a household expenditure and income survey conducted in 1996, Mozambique’s population was 17.3 million, of which 78 percent (13.5 million) were 7 years or older. Table 5 provides a breakdown of the population 7 years or older. About 60 percent of that population is active, of which 86 percent are employed in private agriculture either as self-employed, or as non-paid help to family members, or as employees.
Mozambique. Summary EmploymentInformation, 1996 1