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Somalia's govt to introduce new currency

Posted: Tue Apr 15, 2008 3:32 pm
by RebelLion
" But Mr. Isse, the Central Bank director, was unequivocal in his stance that the interim government desires to uplift the economy by replacing old Shillings, which have been duplicated numerous times in recent years by warlords and disreputable businessmen.

He indicated that the Somali government is in contract with a credible international company, which will print unique Shillings that will be difficult to duplicate."

garowe online http://www.garoweonline.com/artman2/pub ... hief.shtml

Re: Somali new currency

Posted: Tue Apr 15, 2008 3:37 pm
by Shirib
Shilling has been severely devalued to pave the way for replacement with the birr.

Re: Somali new currency

Posted: Tue Apr 15, 2008 3:42 pm
by AbdiWahab252
Shirib wrote:Shilling has been severely devalued to pave the way for replacement with the birr.
:up: :up: :up: :up: