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Updated: May 8, 2025
A large amount of cash is required to carry on the business; but it is very profitable. The value of money changes here more rapidly than in any part of the East with which I am acquainted. The price of dollars and sequins fluctuates almost daily, and the serafs are always sure to be gainers. During the stay of the Indian fleet, the value of a dollar becomes very high.
The Bedouins, however, refuse to take the Egyptian piastres, even at a depreciation, and will receive nothing but dollars; a determination to which the Pasha himself has been frequently obliged to yield. Forty paras make a piastre; but in the time of the Hadj, when small change is necessary for the immense daily traffic of the pilgrims, the serafs gave twenty-five paras only in
The latter come principally from Baghdad. The wealthy often display in their sitting- rooms a whole range of the finest nargils: these cost as much as one hundred dollars a piece. Seven money-dealers, or serafs. They sit upon benches in the open street, with a large box before them containing the money.
Formerly, these serafs were all Jews, as is still the case, with few exceptions, at Cairo, Damascus, and Aleppo; but since the Sherif-Serour drove the Jews out of the Hedjaz, the Djiddawys themselves have taken up the profession, to which their natural disposition and habits incline them. There is usually at each stand a partnership of them, comprising half a dozen individuals.
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