All Posts in Somalia

Somalia
The former Villa Somalia Deputy Chief of Staff for Administration and Finance Abdirisaaq Hussein Aato is to be appointed as the deputy governor of the Central Bank. The approval is still pending as it awaits the President’s approval. The pending tasks for the central bank include the printing of a new Somalia currency. The current more
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Somalia
The Somali government seeks the service of Kenyan based currency expert seconded by the International Monetary Fund (IMF) to issue a new currency to replace the current old one. The new currency is to set to help the central bank of Somalia to buil up reserve buffer in its currency as it looks to set more
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Somalia
The Somali government will print new currency notes to replace the ones currently in use, official said. Finance minister Abdirahman Dualeh Beileh made the announcement in his office in Mogadishu on Saturday, where he displayed two samples of the new notes. The specimen were of the 5,000 and 10,000 shillings denominations. Out of circulation “My more
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Somalia
The Somalian Centra Bank is proud to introduce its new currency notes for the first time in the past 25 years. The country has been using the same old notes since collapse of its government in 1991. Though later they shifted into US Dollars. These long period have lead to booming counterfeiting  which has affected the more
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