The Collapse of the Somali Shilling: A Nation Faces Economic Obsolescence
In the bustling markets of Mogadishu, Somalia, long-time currency traders are facing an unprecedented crisis as the national Somali shilling loses all practical value, forcing the country toward a fully dollarized and digital economy. As of late 2024, the widespread rejection of tattered, legacy banknotes by local vendors and public transport operators has effectively rendered…
