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Somalia: Puntland state ignores the new Somali currency

Mogadishu Wednesdya 20 January 2010 SMC

The administration of the semiautonomous state of Puntland in the eastern region of Somalia has taken not notice of the new Somali currency which the Somali transitional federal government is now intending to launch.

“The concept of making a new currency for Somalia is from particular individuals,

and all that they are intending to do is to rob the wealth of the Somali people, if they were sincere they would made consultaion with the authority of Puntland since we are part of the Somali government, they haven’t done so, they have not as well consulted the Somali traders, so any healthy brain can automatically know that this is just a rush” said Farah Ali Jamac the Minister for Finance in Puntland.

Likewise the Minister has said that the Chairman of the Somali central bank in Nairobi has rebuffed the making of this new currency at this sort of time and said it can cause severe inflation in the country.

Eventually the Finance Minister in the semiautonomous state of Puntland has said that his government will no value that new Somali currency and it will not be a medium of exchange in Puntland too. Somaliweyn English News Desk.

Mohammed Omar Hussein+2521-5519235 shiinetown@hotmail.com

Somaliweyn Media Center

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