A Credible Somali Shilling Requires Rules, Reserves and Trust. A practitioner’s recommendation for establishing a Somali currency board
Somalia is approaching one of the most consequential economic reforms since the reconstruction of its federal institutions, restoring a credible national currency after more than three decades without regular official banknote issuance. The monetary reality is unusual but clear.
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Somalia is approaching one of the most consequential economic reforms since the reconstruction of its federal institutions, restoring a credible national currency after more than three decades without regular official banknote issuance. The monetary reality is unusual but clear.
The economy is deeply dollarized, US dollars dominate higher-value transactions and mobile-money balances, while the remaining Somali shilling notes have largely served small cash transactions. Counterfeiting, deterioration of notes and declining
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Calaamadaha la adeegsaday: somalia · economy · economy · currency · credible