Issues with Somalia printing currency...

[Shushue]

Somalia will start printing currency.

https://hiiraan.com/news4/2018/Apr/157762/pm_khaire_somalia_will_start_printing_currency_soon.aspx

How will the bank manage the value?

Will they build a reserve?

Who will buy and trust the new money?

Isn’t interest haram even though it’s a tool to manage a currency?

 

[Basra]

This is a useless topic. Somalis are treading on us dollars.

 

[Shushue]

This is a useless topic. Somalis are treading on us dollars.

And?

 

[Yaquub]

Somalia will start printing currency.

https://hiiraan.com/news4/2018/Apr/157762/pm_khaire_somalia_will_start_printing_currency_soon.aspx

How will the bank manage the value?

Will they build a reserve?

Who will buy and trust the new money?

Isn’t interest haram even though it’s a tool to manage a currency?

Haram is the least of our problems right now. We need to develop the country by any means necessary and then worry about islamic reforms. Lets face it we are the only muslim country left following such out dated laws, that prohibit much needed competition in a very competitive world. We are no longer in the 8th century and i'm sure god will understand when even the arab countries are becoming more westernised.

 

[Basra]

And?

And.......the topic is useless just like the Somali currency is useless. Somalis have no brain and reliability to create a reserve bank. The reason USA has a reserve bank is because usa is a stable democratic country, and also usa has an institutionalized moral policy, which is called 'reliability'! A system where people guard their credibility or being creditable like it is their honor. Meaning, your credit score. If u dont pay your debt, u r not creditable. Somalis are notorious for get rich fast schemes with the least danger to their pockets. Basically thugs in the form of Abdi Barkhad the actor.


Somalis will work with what their nature allows. Which is the desert, 7th century arabia type of trading. Exchange of goods, and maybe the dollars coming from the west doesn't hurt!

 

[Shushue]

And.......the topic is useless just like the Somali currency is useless. Somalis have no brain and reliability to create a reserve bank. The reason USA has a reserve bank is because usa is a stable democratic country, and also usa has an institutionalized moral policy, which is called 'reliability'! A system where people guard their credibility or being creditable like it is their honor. Meaning, your credit score. If u dont pay your debt, u r not creditable. Somalis are notorious for get rich fast schemes with the least danger to their pockets. Basically thugs in the form of Abdi Barkhad the actor.


Somalis will work with what their nature allows. Which is the desert, 7th century arabia type of trading. Exchange of goods, and maybe the dollars coming from the west doesn't hurt!

Hmm are you sure you’re a girl ? you’re too smart...

You it’s too ambitious for the brainless guys down there.

 

[Basra]

Hmm are you sure you’re a girl ? you’re too smart...

You it’s too ambitious for the brainless guys down there.

HA HA HA HA HA HA HA HA HA HA HA H A


Nayaa u r soooooo self hating....lol

 

[Basra]

By the way, THANKS for thinking i am smart. I would like to think so too.

 

[somaliaristocrat]

Haram is the least of our problems right now. We need to develop the country by any means necessary and then worry about islamic reforms. Lets face it we are the only muslim country left following such out dated laws, that prohibit much needed competition in a very competitive world. We are no longer in the 8th century and i'm sure god will understand when even the arab countries are becoming more westernised.

there is ways to go about that, we arent like the arabs, if you wanna look at islamic reforms etc,

what you dont realise is that muslim youth are the largest % is islam generally and as a result, particularly in the east, islamic banking is vastly growing as a alternative to normal banking.

larry the puntite did a video on this