Random Puntland politics discussions
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MT Foxtrot
Anti-qabil
Why is a federal state even printing money to begin with? This should be the responsibility of the central bank.
Does anyone know what caused the hyperinflation?
As I told you all, their plan worked. Farmaajo & his evil group are the number 1 enemy of Puntites. But we will rise above it, like always.
Ibro
When you want to fool the world, tell the truth.
Pretty much. That fucks up Somalia's internal trade. This should be the sole responsibility of the feds not the states
FailMaajo and his boyfriend Fahad Yasin have been trying to destabilise our economy for months, PL checkpoints in Galkaio have captured huge sums of Somali shillings 1 week ago aimed at increasing the inflation rates of PL, but seems like some have gone through. We'll sort this problem out promptly inshallah.
FailMaajo and his boyfriend Fahad Yasin have been trying to destabilise our economy for months, PL checkpoints in Galkaio have captured huge sums of Somali shillings 1 week ago aimed at increasing the inflation rates of PL, but seems like some have gone through. We'll sort this problem out promptly inshallah.
isnβt it being smuggled in not printed?
So all the inflation is coming from money that has come from outside Puntland rather than your people printing too much amounts?
criminals in puntland are using counterfeit notes
those who wish to take no accountability will blame others, however this issue has been ongoing for more than a decade now
how can nabad iyo nolol carry they blame when they did not even exist in 2008 kkkk
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Printing money machines were confiscated by PL gov longtime ago. We don't print money no more, but FailMaajo has been tirelessly trying to fill our markets with enormous amounts of Somali Shillings to destabilise it.
If it's been going on for a decade why is it so prevalent now?
I'm getting differing information 
but we donβt use or harvest our land to itβs maximum GDP
out of the 2 billion USD we probably only make 450 million USD which is also shrinked more by the corruption of our federal states
I'm getting differing information
Say Alhamdulilah your SL is not linked to this corrupt regime and cannot be affected by their underhanded tactics.
That's right, PL forces caught them smuggling in money at several checkpoints.
Clearly it was too late as it worked.
This will work out in favour of Puntland. We can clearly see that we need strong measures to protect our economy from destabilising forces such as Farmajo and his group. This is a big weakness and an oversight on PL's part.
This is huge, the United Nation's latest FSNAU Market Update report confirms what we have been saying for a while in regards to Puntland's dwindling economy.
Exchange rate, October 2020 update issued November 26:
Findings:
Inflation
Somaliland Shilling (SlSh): Stable.
Somalia Shilling (SoSh):
- Southern and Central regions: Depreciated against USD at (7-11%).
- Puntland region: Significant depreciation at 44%!
Increase in Puntland is due to "continued and widespread circulation of locally printed SoSh currency notes in recent years in these markets".
Consumer Price Index (CPI)
Somaliland: CPI remained relatively stable.
Somalia:
- Southern and central regions: Increased at mild levels (6-7%)
- Puntland: Increased at moderate rates of 23%!
Price of imported food
Puntland: Price of imported food increased 40% due to depreciation of the local currency this years!
Rest of Somalia: Moderate increase (2-16%)
What is happening in Puntland is textbook runaway hyperinflation and it is destroying the economy. Compare the exchange rates of Puntland and Galmudug:
Somali Shilling to USD in Dhusamareeb (Galmudug) = 20,000
Somali Shilling to USD in Bosaso (Puntland = 41,000!!!)
Immediate intervention is needed or Puntland region as we know it will not survive for long.
Link to report:
Exchange rate, October 2020 update issued November 26:
Findings:
Inflation
Somaliland Shilling (SlSh): Stable.
Somalia Shilling (SoSh):
- Southern and Central regions: Depreciated against USD at (7-11%).
- Puntland region: Significant depreciation at 44%!
Increase in Puntland is due to "continued and widespread circulation of locally printed SoSh currency notes in recent years in these markets".
Consumer Price Index (CPI)
Somaliland: CPI remained relatively stable.
Somalia:
- Southern and central regions: Increased at mild levels (6-7%)
- Puntland: Increased at moderate rates of 23%!
Price of imported food
Puntland: Price of imported food increased 40% due to depreciation of the local currency this years!
Rest of Somalia: Moderate increase (2-16%)
What is happening in Puntland is textbook runaway hyperinflation and it is destroying the economy. Compare the exchange rates of Puntland and Galmudug:
Somali Shilling to USD in Dhusamareeb (Galmudug) = 20,000
Somali Shilling to USD in Bosaso (Puntland = 41,000!!!)
Immediate intervention is needed or Puntland region as we know it will not survive for long.
Link to report:
MT Foxtrot
Anti-qabil
See:
This is huge, the United Nation's latest FSNAU Market Update report confirms what we have been saying for a while in regards to Puntland's dwindling economy.
Exchange rate, October 2020 update issued November 26:
View attachment 156415
Findings:
Inflation
Somaliland Shilling (SlSh): Stable.
Somalia Shilling (SoSh):
- Southern and Central regions: Depreciated against USD at (7-11%).
- Puntland region: Significant depreciation at 44%!
Increase in Puntland is due to "continued and widespread circulation of locally printed SoSh currency notes in recent years in these markets".
Consumer Price Index (CPI)
View attachment 156418
Somaliland: CPI remained relatively stable.
Somalia:
- Southern and central regions: Increased at mild levels (6-7%)
- Puntland: Increased at moderate rates of 23%!
Price of imported food
View attachment 156419
Puntland: Price of imported food increased 40% due to depreciation of the local currency this years!
Rest of Somalia: Moderate increase (2-16%)
What is happening in Puntland is textbook runaway hyperinflation and it is destroying the economy. Compare the exchange rates of Puntland and Galmudug:
View attachment 156421
Somali Shilling to USD in Dhusamareeb (Galmudug) = 20,000
View attachment 156422
Somali Shilling to USD in Bosaso (Puntland = 41,000!!!)
Immediate intervention is needed or Puntland region as we know it will not survive for long.
Link to report:
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