Somalia will soon have new currency to combat ‘massive counterfeiting’

Somalia will soon get a new generation currency after the country’s central bank moved to release the design of new banknotes to be printed.

Most people in the country do not use the Somali shilling but transact their daily business using the American dollar.

The 1,000 Somali shilling banknote, which is currently the only Somali bill in use in the country, is worth about 4 US cents.

The central bank wants to print 5,000 and 10,000 bills and says it needs about $41m to introduce the new currency.

According to Somali finance minister Abdirahman Beileh, the central bank will release a final design of the new banknotes, urging excited citizens not to “rush the process”.

After the collapse of the country’s central government in 1991, many traders rushed to print private notes, inundating the nation with piles of worthless fake money.

According to the International Monetary Fund (IMF) , the new notes will help Somalia’s government “combat the existing massive counterfeiting in the country [and] restore confidence in the national currency”.

1,154 thoughts on “Somalia will soon have new currency to combat ‘massive counterfeiting’

  1. It’s in fact very complicated in this full of activity life to listen news on TV,
    so I just use the web for that reason, and obtain the most recent information.

  2. Cool blog! Is your theme custom made or did you download it
    from somewhere? A design like yours with a few simple adjustements
    would really make my blog stand out. Please let me know
    where you got your design. Cheers

  3. I blog quite often and I really thank you for your content.
    The article has really peaked my interest.
    I’m going to bookmark your website and keep checking for
    new details about once per week. I opted in for your RSS feed too.

  4. My programmer is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the costs. But he’s tryiong
    none the less. I’ve been using Movable-type on a number of websites for about a year and am worried about switching to another
    platform. I have heard great things about blogengine.net.
    Is there a way I can transfer all my wordpress content into it?
    Any help would be greatly appreciated!

  5. Hello there I am so glad I found your weblog, I really found you by mistake,
    while I was searching on Askjeeve for something else, Anyways I am here now
    and would just like to say many thanks for a fantastic post and
    a all round entertaining blog (I also love the theme/design), I don’t
    have time to read it all at the moment but I have
    bookmarked it and also included your RSS feeds, so when I
    have time I will be back to read a lot more, Please do keep up the fantastic b.

  6. Howdy! Do you know if they make any plugins to help with
    SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains.
    If you know of any please share. Appreciate it!

  7. Quest bars cheap fitnesstipsnew1 quest bars cheap 516999410492780544 quest bars cheap
    It’s really very complicated in this active life to
    listen news on Television, thus I only use web for that purpose,
    and take the latest information. Quest bars cheap fitnesstipsnew1 quest bars
    cheap 516999410492780544 quest bars cheap

  8. Greetings from Ohio! I’m bored at work so I decided to browse your site
    on my iphone during lunch break. I enjoy the information you provide here and can’t wait to take a look
    when I get home. I’m amazed at how fast your blog loaded on my cell
    phone .. I’m not even using WIFI, just 3G .. Anyways, wonderful site!

  9. With havin so much content and articles do you ever run innto aany problems off plagorism or copyright infringement?
    My site has a lot of completely unique content I’ve
    either created myself or outsourced but it seems
    a lot of iit is popping it up all over the
    internet without my permission. Do you know any waays to help prevent content from
    being stolen? I’d gehuinely appreciate it.

  10. After I initially commented I appear to have clicked the -Notify me when new comments
    are added- checkbox and now every time a comment is added I receive four emails with
    the exact same comment. Is there a means you can remove me from that service?
    Appreciate it!

  11. Hello, I think your website might be having browser
    compatibility issues. When I look at your blog in Firefox,
    it looks fine buut when opening inn Internet Explorer, it
    has some overlapping. I just wanted to give you a quick heads
    up! Other then that, wonderful blog!

  12. May I just say what a comfort to discover ann individual who
    actually understands what they are talking about on the internet.
    You definitely know how to bring an issue to light and
    make it important. More peeople should read this and understand this
    side of the story. It’s surprising you aren’t more popular since you definitely have the gift.

  13. I don’t evesn know how I finished up here, butt I thought this put upp was once good.
    I do nott realize who you might be but definitely you’re going to a famous blogger in tthe event
    you aren’t already. Cheers!

  14. [url=http://cialischeap.us.com/]cialis online pharmacy[/url] [url=http://lasix365.us.com/]lasix[/url] [url=http://albuterol007.com/]albuterol ipratropium[/url] [url=http://buyzoloft.us.com/]CHEAP ZOLOFT[/url] [url=http://cialisonlinepharmacy.us.com/]Cialis Online Pharmacy[/url] [url=http://buyavodart.us.com/]Buy Avodart[/url] [url=http://buykamagra.us.com/]resources[/url]

  15. [url=http://antabuse02.us.com/]ANTABUSE[/url] [url=http://celebrex.us.com/]celebrex tablet[/url] [url=http://wellbutrinnorxprice.com/]resource[/url] [url=http://levitra.us.com/]levitra[/url] [url=http://zofran.us.com/]Zofran[/url] [url=http://betnovate.us.com/]Betnovate Prices[/url]

  16. [url=http://propranololnorxprice.com/]Propranolol[/url] [url=http://sildenafil20mg.us.com/]sildenafil 20 mg[/url] [url=http://indocin02.us.com/]indocin 50 mg tablets[/url] [url=http://canadianpharmacycialis.us.com/]cialis 10mg[/url]