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Is it the time to print a new currency for Somalia?

The Federal Government is planning to print a new currency for Somalia. In early June 2018, the Minister of Finance of the Federal Government of Somalia introduced the design of 5,000 and 10,000 Somali Shillings. A press conference held by the governor of the Central Bank of Somalia in late June 2018 further elucidated the division of the currency. The governor stated that the currency will consist of 1,000, 2,000, 5,000 and 10,000 Somali Shillings. Read more