[QODLink]
Africa

Strong currency threatens Somalia's economy

Government aims to stabilise rapidly strengthening shilling, which has doubled in value over the last six months.  

Last Modified: 28 Mar 2013 16:43
Email Article
Print Article
Share article
Send Feedback

Somalia's fragile economy is under threat, this time because of a rapidly strengthening currency. The shilling's dramatic rise is being put down to an influx of US dollars from foreign investors.

They're looking to cash in on Somalia's recovery after decades of war. But that's having an impact on small businesses.

Al Jazeera's Peter Greste reports from the capital Mogadishu.

53

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after caf killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.