printing new currency for the govt is an assential startup

[sahal80]

The govt is about to print a new currency with the help of sudan, this will change the things economically for the govt.

At the moment its the UNDP who pays every thing that fuctions the govt.

Let us take only mogadisho as an example, its annual revenues are estimated to be $120 millions

we are printing enough currency for 5 years... Just mogadisho $600 millions..

At the same time, there is another program wich is to welcome the private sector... For example in the electric sector, health care, housing...including the forieng investments, these private companies and corporations will pay millions for the govt each year, this will asset the govts national revenues like the tax revenue, ports, livestock, agriculture, fishing...

In this stage, the govt can pay its employees salaries...

They will start with the police.

Of course besides the international aid and we creating now our financial institutions so we would have a big budget to spend and banks to lend.

[hydrogen]

viewtopic.php?f=18&t=328119&p=3986503

[sahal80]

viewtopic.php?f=18&t=328119&p=3986503

Lol a month ago. Yeah I knew it was an old news but was anlyzing and calculating....

Nice one

[hydrogen]

viewtopic.php?f=18&t=328119&p=3986503

Lol a month ago. Yeah I knew its an old news but was anlyzing and calculating....

Nice one

It was just what I heard, didn't think it was legitimate until now, but eavesdropping seems to be useful

[sahal80]

viewtopic.php?f=18&t=328119&p=3986503

Lol a month ago. Yeah I knew its an old news but was anlyzing and calculating....

Nice one

It was just what I heard, didn't think it was legitimate until now, but eavesdropping seems to be useful

Yeah its authorised...I once read a somali article about it and it made me very sad and then I changed my map. Basically many are againist this just like they were againist the lifting of arms embargo and the recognition. Focking hypocrites.

[hydrogen]

what will the currency be like?

[sahal80]

what will the currency be like?

New shilling. As soon as we made ready our financial institutions the people will be given to a fixed date to go to the bank and exchange their old money with the new shilling.

[Marques]

It's pressure from the IMF.

[sahal80]

It's pressure from the IMF.

Edit will be given a fixed day...

Sheekh Abakar

Yeah defo and the govt is strapped for cash, this is the good way to get out of the cycle.

Before we could borrow some programs must be installed. the govt can't brorrow atleast for a year like they said. However some fountains can supply the govt some thing.
http://www.imf.org/external/pubs/ft/sur ... 62413A.htm