Strong currency threatens Somalia’s economy
Government aims to stabilise rapidly strengthening shilling, which has doubled in value over the last six months.
Published On 28 Mar 2013
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.
Source: Al Jazeera