Somaliland: 4.4%, One of the lowest inflation rates in East Africa


bHrLzZ6.png


The Somaliland Shilling was one of the few African currencies to gain on the US dollar. This is a remarkable achievement as this region is not known for stable currencies.

Ethiopia for example has an inflation rate of 19%. You then have eye-watering levels in the Puntland region of Somalia at around 50%, 3rd highest in Africa after Zimbabwe and Sudan.

In this light, Somaliland is doing such a commendable job, even without access to proper financial instruments.
 
Maybe Puntland region's Deni should intern in the office of Somaliland's Central Bank Governor. He will gain real insight on how central banks actually work instead of making juvenile moves that actually make the situation worse in his desert region.

Just a thought.
 
Maybe Puntland region's Deni should intern in the office of Somaliland's Central Bank Governor. He will gain real insight on how central banks actually work instead of making juvenile moves that actually make the situation worse in his desert region.

Just a thought.
[
Maybe Puntland region's Deni should intern in the office of Somaliland's Central Bank Governor. He will gain real insight on how central banks actually work instead of making juvenile moves that actually make the situation worse in his desert region.

Just a thought.
Maybe you should all learn from Nur ibn Mujahid and abo Siyad.
 
Maybe Puntland region's Deni should intern in the office of Somaliland's Central Bank Governor. He will gain real insight on how central banks actually work instead of making juvenile moves that actually make the situation worse in his desert region.

Just a thought.

I am not too sure if the Ex-Taxi Driver - cam - Monetary - Guru Faroole will be able to learn new tricks.
 
Somaliland where able to attract some foreign investors and also have better economy than Puntland. Together with good politics it was able to stabilize the economy and continue the growth.

Puntland is almost bankrupt, so it is very hard to recover quickly.
 

Trending

Latest posts

Top