The domestic source is being contained to some extent by some positive steps taken by the Puntland Government in 2008, such as closing all the money printing establishments within Puntland as well as controlling for incoming banknotes from elsewhere. The Government has also set clear cut pro-poor policies such as reducing taxes by 20% to all imported necessity goods (mainly food items).
On the international front, after the experience of summer 2008, there is a real concern about the high volatility of energy prices, the new strategy for bio-fuels, and the declaration that a good number of world food country exporters are on the brink of withdrawing and restricting their exports and hence their export policies will have direct effects to local consumers everywhere.
All and all, progress is such a slow process, but it is one def. in the right direction!
