Puntland to launch regional currency in 2025 amid monetary instability
Puntland region of Somalia plans to introduce a new regional currency in 2025, following its shift to the US dollar in 2021 due to Somali shilling inflation. The move reflects ongoing economic fragmentation and federal tensions.
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BusinessPuntland to launch regional currency in 2025 amid monetary instability
Sign in or subscribeBrowse free archive reportsPuntland region of Somalia plans to introduce a new regional currency in 2025, following its shift to the US dollar in 2021 due to Somali shilling inflation. The move reflects ongoing economic fragmentation and federal tensions.