Somalia's economy is fully dollarized. The shilling is no longer really used to buy items that cost anything more than $10.
Two papers helped me better understand what the implications of a fully dollarized economy may be.
This is a general overview:
Full Dollarization The Pros and Cons
This...
I have predicted this few months back, what is up with Somaliland and manoply? Don't they realize if you give only one company the right to import a merchandise they will definitely exploit the poor folks in the desert region and skyrocket the prices.
Muse Bihi and his UAE based Bussiness...
The Somaliland Shilling was one of the few African currencies to gain on the US dollar. This is a remarkable achievement as this region is not known for stable currencies.
Ethiopia for example has an inflation rate of 19%. You then have eye-watering levels in the Puntland region of Somalia at...
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