Sudan likely to print Somalia’s new currency

Sudan could soon print Somalia’s new currency, talks between President Mohamed Farmaajo and his Sudanese counterpart Omar al-Bashir in Khartoum have hinted at but the details of the talks remain scanty.

Sudan president Omar al-Bashir said his country had the requisite infrastructure to roll out the printing of the new currency which Somalia aims to replace with the existing notes most of which are counterfeit.

“It an honour to respond to the request of Somalia to print its national currency. Sudanese Currency Printing Company owns the latest machinery and equipment for printing the currency, and it has the maximum requirements for insurance and safety and protection,” said al-Bashir.

It is not clear however if the talks focused on the financing which Somalia estimates at $60 million. Central Bank Governor Bashir Isse Ali said July the Bank was working with other affiliate agencies to develop the design and security features for the new notes but did not specify if the country had identified any donor to finance the printing. The notes, Ali said would be in denominations of 1,000, 2,000, 5,000, 10,000 and 20,000 but added there was room for 50,000 note and less than 1,000.

Somalia, which does not qualify for lending from the international market owing to its debt relies on donor countries to print its currency which it expects to gradually replace with the old notes and the dollar notes which form the bulk of transaction through e-notes.

Farmaajo thanked the Sudanese government for supporting his country adding ‘”Sudan has stood with Somalia in all its challenges during the past year.”

The two leaders are meeting in Khartoum as part of Farmaajo’s two days visit.

http://goobjoog.com/english/sudan-likely-to-print-somalias-new-currency/
 

Von

With blood and Iron will we reach the fatherland
What does Sudan get in return? Nothing is freely given in this world especially to Somalia :farole:
 
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Great news but the problem is how is the new money is going to be spread across the country with Al Kelab around some regions.
 

Abdalla

Medical specialist in diagnosing Majeerteentitis
Prof.Dr.Eng.
VIP
Sudan already prints the old shillings. I guess they'll print the new bills too.
 
When a country that doesn't necessarily have your best interests creates currency for you, what can go wrong?
Old Somali currency was also made in Sudan, no sabotage then no sabotage now.

Since when were Sudanese people Cushitic :gucciwhat:
Aren't they Nilotic or has the rule book been updated since the last time I checked :birdman:
Sudanese-Arabs aka Nubians that adopted Arabic language are the original Cushites, but the modern Nubian language is classified as Nilosaharan.

P.S. welcome back (don't know how long you've been back) :icon e biggrin:
 
The currency should be printed in Europe by the IMF who also funds the country.

The plastic polymer notes would be ideal in 1000 and 5000, 20,000 shilling notes.
 

Apollo

Staff Member
Moderator
Since when were Sudanese people Cushitic :gucciwhat:
Aren't they Nilotic or has the rule book been updated since the last time I checked :birdman:
The Cushitic language family came originally from Northeast Sudan.

Most of the North Sudanese are autosomally predominantly Cushitic. Especially on the Northern and Eastern side of Sudan.
 

Von

With blood and Iron will we reach the fatherland
The currency should be printed in Europe by the IMF who also funds the country.

The plastic polymer notes would be ideal in 1000 and 5000, 20,000 shilling notes.
You want the most blood-sucking, economic destroying, king of putting nations in debt to print our money at least with Sudan, they are isolated from the international community.
 
50,000 shilling notes? What craziness! We should not go higher than 10,000 and that shouldn't be worth more than $5. Somalia needs smaller notes and scarcely printed higher notes.
 

Von

With blood and Iron will we reach the fatherland
can we have our cash in 5,10,20,50,100 or everything so worthless that people would be carrying a wheelbarrow full of cash for bread
 
50,000 shilling notes? What craziness! We should not go higher than 10,000 and that shouldn't be worth more than $5. Somalia needs smaller notes and scarcely printed higher notes.
If I am not mistaken

20,000 = 1 dollar (and that's some regions)
 

felloff

FA'CASH GANG BABY
revalue the currency and make 1000 old shillings equivalent to 7 new shillings there was a good topic about revaluing somali shilling on skyscrapercity somalia
 

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