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    • Somali Shilling (SOS)

Somali Shilling (SOS) Newsletter
  • Somalia launches standardised QR code 21 Jun 2023 06:02 GMT

    … the Central Bank of Somalia (CBS) Abdirahman Mohamed … code. Mr Abdullahi said Somalia should continue modernising and … use of IBAN Advertisement Somalia’s economy is … its convertible shilling currency. Long subjected forgery, the Somali shilling lost its …

  • Somalia Hasn’t Printed New Cash Since 1991. Now It’s a Central Bank’s Top Priority. 05 Apr 2023 07:23 GMT

    Somalia’s top priority is to reestablish the nation’s currency … local currency circulating in the economy was fake.  “The Somalia economy … a time we reintroduce the Somali shilling. it would not be … for the reissuance of the currency, his deputy Ali Yasin …

  • Revitalizing Somalia’s Economy: A Closer Look At Currency Reform – OpEd 20 Feb 2023 18:03 GMT

    … unusual situation in Somalia’s currency market, where both … regulatory framework, the Somali shilling banknotes have remained in … , 95% of the Somali shilling in circulation is counterfeit … rebuilding trust in the Somali shilling will require patience, …

  • Inside Africa currency redesign craze 14 Feb 2023 06:25 GMT

    … replace its old 1,000-shilling notes, last printed in … Besides Somalia, Nigeria is also currently replacing its currency notes … using redesigned and upgraded currency notes that began circulating … national currency. In 2019, Kenya withdrew its 1,000 shilling

  • Friday at the beach in Mogadishu: Optimism shines through despite Somalia's woes 20 Jan 2023 18:26 GMT

    … Liido Beach in Mogadishu, Somalia. Despite decades of … homes. Somalia officially has its own currency, the Somali Shilling. But … has become the default currency. Burhan Warsame Abdi served … s not just the Somali shilling but entire governmental institutions …

  • The Central Bank of Somalia has announced plans to redesign its 1,000-shilling notes to curb inflation  18 Jan 2023 21:20 GMT

    … It also said that Shilling notes are too worn … Governor, Ali Yasin Wardheere, Somalia’s redesigned notes will … currency notes since 2018.  Meanwhile, the Central Bank of Somalia … a functional financial system for Somalia," Wardhere explained. Moreover …

  • Somalia to Issue First New Banknotes in More Than Three Decades 17 Jan 2023 14:43 GMT

    Somalia’s central bank aims to replace the only high-value currency … The redesigned 1,000-shilling notes will replace those … the capital.   The old currency has almost disappeared and the … excess liquidity, Wardheere said. Shilling notes still in circulation …

  • What is happening in Somalia? Know all about the humanitarian crisis that crippled the African nation 23 Nov 2022 12:12 GMT

    … children. Brief history of Somalia Somalia was created in 1960 by … backed government was established and Somalia was gradually heading towards … since 2020. Since 2020, Somalia has faced 4 successive failures … (men), 58 years (women) Currency: Somali shilling

  • How Gabby compared Somalia's currency to the cedi in 2014 05 Nov 2022 09:14 GMT

    … the Ghana cedi to the Somali shilling. Without citing any basis … comparison, Gabby claimed the shilling was performing better than … you know that Somalia's currency, the shilling, is doing better … the address, he blamed currency speculators and persons who …

  • Somalia Market Update: August 2022 Update (Issued October 13 , 2022) 13 Oct 2022 19:04 GMT

    Highlights Inflation: In Somali Shilling (SOS)-using areas, Consumer … prices this year. In Somaliland Shilling (SLS)-using areas, CPI … large amounts of local SOS currency notes in these markets … to limited supply from southern Somalia. Compared to the five- …

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