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| Last Updated: Apr 3, 2012 - 2:47:55 AM |
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Somalia: New Somali currency nabbed at Galkayo airport
24 Jun 24, 2010 - 6:27:47 AM
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Officials at Galkayo airport, in Puntland-administered central Mudug region have nabbed individuals carrying the new Somali currency, which was prohibited in the region, Radio Garowe reports.
Reports said the individuals were given the money by Somali government in Mogadishu as a payment for debt owed to the former administration of President Abdullahi Yussuf Ahmed.
However, an official from Puntland’s Finance ministry said the transitional federal government under the leadership of President Sheikh Sharif Sheikh Ahmed is trying to disburse the currency, which was already rejected by Puntland.
“It was not payment for the people, who owe the former Somali administration but rather a test to try and see if the new shilling will penetrate Puntland,” said the official.
Puntland, government has stated that it would not allow the circulation or the usage of the currency in the areas under its control.
President Dr. Abdirahman Mohammed Farole’s government fought relentless to get rid of counterfeit shilling that has severely caused inflation in the region.
The new currency was also rejected by traders and Islamist factions central Somalia including capital Mogadishu who vowed to turn down the introduction of the currency in the market,saying it creates confusion in the market.
Somali government inked agreement with Khartoum to print print current that cost tops $17 million.
Somalia has had no effective central government for 19 years and the current UN-backed transition government operates under the mercy of African Union peacekeeping troops, which control only the capital’s seaport, airport and Presidential Palace.
GAROWE ONLINE
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