Can a new currency help Somalia?

[Inactive]

 

[Apollo]

Africans can't be trusted with monetary policy (hence pegging is common), but then again you need control over your national currency when a recession hits.

Catch 22.

Africa will stay poor for a long time because of this.

 

[The Informant]

This is the worst case scenario. You are going to have every Hawiye/southern Darood warlord print his money to pay his footsoldiers to grab more lands from rival clans.

One the positives you can also print as much money as possible to pay for 2000+ isbaaros from Galkacyo to Ras Kamboni.

You just have a feeling Hutus are going to abuse this system as much as they can.

 

[CrazyWadaad]

Nothing can help Somalia

 

[Apollo]

Nothing can help Somalia

Somaliland's currency is even worse (more inflation) than the shitty one of Somalia.

 

[CrazyWadaad]

Somaliland's currency is even worse than the shitty one of Somalia.

This doesn't make my statement wrong.NOTHING CAN HELP SOMALIA!!!!!!

 

[The Informant]

Somaliland's currency is even worse than the shitty one of Somalia.

Not true
6000 SL shillings = 1$
40000 SO shillings = 1$

 

[CrazyWadaad]

Not true
6000 SL shillings = 1$
40000 SO shillings = 1$

GoodJob Qoti!

 

[Apollo]

Not true
6000 SL shillings = 1$
40000 SO shillings = 1$

Idiot, nominal value means nothing.

Look at their performance over the past couple of years. Somaliland's currency has inflated a lot more despite that there wasn't any control on Somalia's one. It shows that investors have no confidence whatsoever in Somaliland's government.

 

[CrazyWadaad]

Idiot, nominal value means nothing. Look at their performance over the past couple of years. Somaliland's currency has inflated a lot more despite that there wasn't any control on Somalia's. It shows that investors have no confidence whatsoever in Somaliland's government.

Investors? Warya stop talking out of your ass.

Anyways The thread isn't about avsSomaliland currency.

 

[Apollo]

Investors? Warya stop talking out of your ass.

Anyways The thread isn't about avsSomaliland currency.

Goddamn moron, the currency of Somaliland has lost a lot more value than the Somali Shilling the past 15 years. This is a fact. Look it up.

 

[CrazyWadaad]

Goddamn moron, the currency of Somaliland has lost a lot more value than the Somali Shilling the past 15 years. This is a fact. Look it up.

Is the Somaliland Shilling a recognized currency tho? So just shut the f*ck up,when it comes to currency,inflation and the overall economy because that's obviously not your area of expertise nayaa

 

[Cognitivedissonance]

Fiat currency is debt based & has no intrinsic value, whereas in Islam we have a system that's interest free based on tangible wealth such as gold & silver.

 

[Apollo]

Is the Somaliland Shilling a recognized currency tho? So just shut the f*ck up,when it comes to currency,inflation and the overall economy because that's obviously not your area of expertise nayaa

Somalia has no functioning central bank. Hence how the market values the SOS vs SLS isn't that radically different. It doesn't matter who has international recognition, idiot. Both have extremely bad confidence issues, but the SLS takes the cake in terms of its shittiness.

 

[McD30]

Fiat currency is debt based & has no intrinsic value, whereas in Islam we have a system that's interest free based on tangible wealth such as gold & silver.

 

[CrazyWadaad]

Fiat currency is debt based & has no intrinsic value, whereas in Islam we have a system that's interest free based on tangible wealth such as gold & silver.

The whole financial system on this planet is based on a false foundation.Islam with its Gold,Silver based economy and markets need to make up a comeback inshallah!

 

[Cognitivedissonance]

Keep drinking fluoridated water lol

In a time of universal deceit - telling the truth is a revolutionary act.

Big Brother is watching you.

War is peace. Freedom is slavery. Ignorance is strength.

George Orwell

 

[McD30]

Keep drinking fluoridated water lol

In a time of universal deceit - telling the truth is a revolutionary act.

Big Brother is watching you.

War is peace. Freedom is slavery. Ignorance is strength.

George Orwell

So you went from gold-based currency to big brother is watching you.

The picture still stands.

 

[Cognitivedissonance]

The whole financial system on this planet is based on a false foundation.Islam with its Gold,Silver based economy and markets need to make up a comeback inshallah!

I can except the fact that you take your British colonial masters words as gospel when they carved out a land & called it British somaliland. But I detest that you use the same language as them to defame our religion with names like Mad Mullah=Crazy wadaad smh must you follow everything & hold your colonial masters words as being sacrosanct.

 

[CrazyWadaad]

I can except the fact that you take your British colonial masters words as gospel when they carved out a land & called it British somaliland. But I detest that you use the same language as them to defame our religion with names like Mad Mullah=Crazy wadaad smh must you follow everything & hold your colonial masters words as being sacrosanct.

Abdale Hassan was a in my eyes.May he rest in Hell with Siad Barre he's nephew