Somali shilling rises against the dollar after the election of President Farmaajo

[CitrusFlower]

The Somali shilling strengthens against dollar from 23,000 Shs to 16,000 Shs and is expected to gain strength further. Masha'allah things are looking up

 

[Steamdevolopment]

The Somali shilling strengthens against dollar from 23,000 Shs to 16,000 Shs and is expected to gain strength further. Masha'allah things are looking up

Part of the reason is the dollars being used to bribe MP's exploded in the few days leading up to election, and because Farmajo will pay our soldiers, but I guess any good news is good?

 

[CitrusFlower]

He should stop the use of dollars we are not Americans

 

[Tramo]

He should stop the use of dollars we are not Americans

would u rather carry 3 bags of cash just to buy a candy bar

 

[Steamdevolopment]

would u rather carry 3 bags of cash just to buy a candy bar

I remember I paid 100 thousand for a soda can once

 

[CitrusFlower]

would u rather carry 3 bags of cash just to buy a candy bar

Thats crazy. The new government should really think about a monetary system for the country

 

[Bohol]

Interesting.

 

[Mr.Haggis]

COME ON > YES WE CAN. SOMALIA DOES NOT NEED A NEW CURRENCY.

 

[Mr.Haggis]

so 100 dollars is now 1.6 mil shillings instead of 2.3 mil shillings.

 

[maestro]

16,000 to a dollar? It's not that bad lmao

 

[Inquisitive_]

Every currency is pegged to the dollar, it's how this mafia monetary system works, China is the first to depeg from the dollar.

Zambia has banned the use of dollar from their country as a result of this has seen big improvements crushing speculators.

Until you begin to produce most of your stuff in house without importing them your kind of stuck, or until more people begin to drop the dollar and use their own local currency swaps for trade, which is more likely, China has already started doing this, but this would inflict the wrath of the Empire.

Keep in mind we already used barter system to trade with our neighbours which is what was done for a millennium by all societies before this paper money, were you exchange goods and services for what you need until this Jewish zionist enslavement system came about.

Africa was a power house in this barter trade for thousands of years because we had all the goods until paper money and enslavement came.

 

[Boqor Geeljire252]

would u rather carry 3 bags of cash just to buy a candy bar

Most people use electronic EVC payments instead of carrying bags of cash.

I remember I paid 100 thousand for a soda can once

You paid $20 for a soda can.

 

[Gibiin-Udug]

This reminds me when I told my cadaan friends in college that my relatives in Somalia were all millionaires. These chicks even invited me to their dads country club. I should have let one of them shunkaasi my cousin in Puntland. Imagine her surprise when he says he's millionaire in shilling Somali.