Mohamedamiin120
Marxist-Leninist, Somali (Galbeed).
Many do not know this but the valuation of the Somali shilling has grown over the past week (likely due to investors jumping ship from the Ethiopian Birr, which has been devalued consistency for the past year). I did not expect it to jump to the level of the CFA Franc- would be great if this was a permanent thing but I doubt it.
The jump is bigger then the jumps in 2022-2023, I would like to see the reaction from exporters before I comment on this (obviously, as we all know, exporters like a weaker currency while importers like a stronger one).
The jump is bigger then the jumps in 2022-2023, I would like to see the reaction from exporters before I comment on this (obviously, as we all know, exporters like a weaker currency while importers like a stronger one).
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