continuing counterfeiting is causing the region to experience continued hyperinflation. that in turn is putting pressure on moneytraders n other businesses. Puntland workers suffer immensely because of this crisis
Ayanle, 32,has been struggling to make ends meet after his money changing business collapsed in March, alongside Garowe’s 70 or so money changers in the central Somali town
https://puntlandpost.net/2021/09/22/wor ... s-jobless/
"We dumped our worthless Somali shillings in the streets of Garowe,” he said
https://www.africanews.com/2017/07/14/s ... ian-birr//
a while back even al shabab terrorists literally warned Puntland officials about countefeiting. Puntland responded threatening businesses that they had to use the worthless shillings
“Puntland government warns business owners in Puntland against following the ban on the Somali shillings. Anybody found complying Al-Shabaab ban will be considered as a member of them and will face consequences,” the statement cited by local media said