Random Puntland politics discussions

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TabK

TabK

Dalalos_ibn_Adali said:
They should plant date palms they grow in the desert.
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They have no choice. Dates are the only crop that would grow in Puntland region's desert climate:

Screenshot 2021-01-10 at 09.54.29.png


When you have low population, no industry, no agricultural output, very small local economy.. the result is what we can see in Puntland region, a struggling administration resorting to printing fake money to balance the books.

And then you have deranged desert dwellers on this forum advocating for this region's independence.
 
Passenger

Passenger

A text book example of when copy & paste policy doesn't work. Just b/c Somaliland was successful at managing its currency problems via a number of policy changes. Doesn't mean that you can copy those same policies and wish your problems will also be resolved.

No.

You need to find unique solutions to your unique case. Puntland's financial issue is actually multiple issues. And inflation is the least of the problems.

Their biggest obstacle is 'trust'. All fiat paper money are worthless without 'trust'. And trust is provided by Governments by means of regulating demand/supply of the product. When the currency is too much, it decreases value so the Gov't purchases back from the market.

Economics 101.
 
Dalalos_ibn_Adali

Dalalos_ibn_Adali

Republican
VIP
TabK said:
They have no choice. Dates are the only crop that would grow in Puntland region's desert climate:

View attachment 164925

When you have low population, no industry, no agricultural output, very small local economy.. the result is what we can see in Puntland region, a struggling administration resorting to printing fake money to balance the books.

And then you have deranged desert dwellers on this forum advocating for this region's independence.
Click to expand...
very sharp response, you're clearly well researched in the contemporary as well as historic facts of the region's socio-economic state.

Bir Tawil is a desert area between Sudan and Egypt, the more I read your informative reports, the more Puntland reminds me of that territory.
 
TabK

TabK

EE76D636-4CAE-4D2F-ADB9-040ED70D2FEA-720x405.jpg


GOOBJOOG NEWS|PUNTLAND: Puntland President Abdullahi Deni Sunday convened an emergency meeting following an ongoing currency crisis that has resulted in run-away inflation in the easterly state.

Among those in attendance were deputy president Elmi Karash, former President Senator Abdirahman Faroole among other senior officials including state central bank governor.

The meeting comes as security forces in the state enforce an executive order compelling traders to use the Somali shilling instead of the US dollar. Security forces on Saturday enforced the order in Bosaso and were expected to take similar measures in Garowe today.

The state government ordered last month a ban on the US dollar for transactions less that $10 and instructed mobile phone companies not to offer any services for transactions on such capping.

The move follows a free-fall of the Somali shilling in Puntland which December hit a low of 46,000 Somali shillings to the dollar. However the state government has not been able to remedy the situation despite a raft of monetary policy measures.

Puntland suffered unmitigated inflation from 2018 when the then administration printed new notes to pay soldiers after several mutinies. The new notes which according to the Federal Central Bank are counterfeit resulted in inflation within Puntland and neighbouring Galmudug.
 
TabK

TabK

"The new notes which according to the Federal Central Bank are counterfeit resulted in inflation within Puntland and neighbouring Galmudug."

You know your situation is bad when AMISOM-protected Farmajo is flexing on you.

Please make duca for our brothers and sisters in Puntland region.

:tocry:
 
Addislad

Addislad

Farmaajo for president 2021
Gibiin-Udug said:
Don't you have to break out of Muse Dhuso jail first. Doesn't he have a special garxajis jail.


P.s

Don't let the idรถรธrs making minimum wage in Garowe get abused because of your trolling.
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Somaliland forces are literally 40 miles from your capital city.:damn:
 
codewebsduh

codewebsduh

VIP
I think this was due to Gaas printing new currency notes to pay his soldiers. Unfortunently Deni inherited this problem from the previous regional government.

Best way is to ban newly printed notes which forces the money flow to reduce causing deflation.
 
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