Somali Shilling has best spot rate in Africa

[FAH1223]

Via Bloomberg

@thatknickfan @Broke Wave @RadaMillz @BocaRear @Prynce @malcolmxxx_45

 

[BocaRear]

Djibouti not far behind either , Somali nikkas stand up.

 

[Domingo Halliburton]

Surprised they all haven't lost value vs. USD

 

[newworldafro]

Mogadishu turning up?

 

[I.AM.PIFF]

@Max B

@2meo

 

[RadaMillz]

Can some explain how is it possible when Somalia barely has a functioning government?

I know our currency is based on clan trust/value (which goes a long way) but some of the countries in that list have had a stable government for a long time and are more advanced than Somalia.

 

[Broke Wave]

Via Bloomberg

@thatknickfan @Broke Wave @RadaMillz @BocaRear @Prynce @malcolmxxx_45

somalia toosey

Somala HANOLAATO

 

[FAH1223]

Can some explain how is it possible when Somalia barely has a functioning government?

I know our currency is based on clan trust/value (which goes a long way) but some of the countries in that list have had a stable government for a long time and are more advanced than Somalia.

Its probably because there is no government printing Shillings

No monetary policy

The influx of dollars from the diaspora

Somalia should peg the Shilling to the USD