Design of the new somali shilling revealed 10000 and 5000 notes

[Ras]

For reference. 50 USD is 5000 JP YEN.

So not that bad. But it's done deliberately by JP.

Whilst we haven't got the slightest control of our currency.


Then again if we had some sort of rule of law (state protects property); it would be a libertarian paradise.

 

[333]

This is all fake until people start trusting it as a means of exchange.

 

[felloff]

Devaluation require a strong hold on the money supply.

The government can't just simply announce what the shilling is worth.

They'll be laughed out the door by those in the markets and money changers.

Other countries are able to easily devalue their currencies by announcing that they'll decrease the money supply.

FGS needs a functioning central bank for that.

then atleast add higher demonation notes

 

[felloff]

500
1000
5000
10000
20000
50000

notes

 

[felloff]

somalia is better off using somaliland shilling