Wednesday, June 28, 2017

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Can Hyperinflation be a positive indicatation for Somaliland?

The Somaliland shilling is now worthless The Somaliland shilling is now worthless

Somalilandsun-On Thursday 13th April 2017, protest took place in down town of the city of Hargeysa, against the Hyperinflation that has hit the country and going on for a long time.

The Central Bank weak financial management has caused devaluation to the Somaliland shilling value.What do we need to do as Somaliland citizens?For the government to put professional people in the Central Bank of Somaliland. To produce local food & increase the exportation of local materials. We need to change our thinking, to fix our problems. 

The positive thing about this Hyperinflation is, it’s an indicator that there is something very wrong with the way we manage money in our country and we need to change that by bring professional people to the right place and start producing local foods and consuming itCrisis brings people together at least in Somaliland, so study and analyze this hyperinflation to prevent it from happening again.

Written by: Yasmeen Hassan.

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