Does not make any sense Yusuf. It is a simple equation; you cannot ban/restrict a currency that you need. That move has been tried in many countries and history teaches us that this move will lead to a total collapse.theyuusuf143 wrote:they didn't ban the dollar entirely they banned using dollar as the regular currency. we are not Americans we are somalilanders we should quote Somaliland shillings when paying or selling things in Somaliland markets then pay or receive the amount in Somaliland shillings.
Again, I repeat; the value of the somaliland shilling is the cost of printing+ paper + cost insurance and fright. Somaliland does not have gold deposits, it does not sell bonds on the international markets and more importantly it does not have borrowing rights. You have an economy that depends on dollar inflow from the diaspora.
Adeer, ka bax arrintaan. Cilmi uma lihide. This is beyond fadhi-ku-dirir.
Blv you me, the somaliland economy will grow if the dollar becomes the official currency. It will attract capital.
I say ban the somaliland shilling and all other paper currencies instead.