Foreign Exchange Pressure: Somaliland Shilling

 

Foreign Exchange Pressure: Somaliland Shilling   

Inflation and exchange rate increases have been experienced in the Republic of Somaliland for a while and this situation is a burden to the public. We believe that most of the costs and exchange rates are due to the Somaliland shilling money being saved and briefly released for the government, with all the rights of the government that governs the country. Today. .   

This financial burden affects all citizens who use  Somaliland Shillings, but it hurts the poorest and those who earn wages or income from our currency (Somaliland Shillings) the most. Article  Article  Printing of the Somaliland Shilling currency Article  Article  Despite the government's denial, the Board has documents to prove this Article  The Government plans to print and market it Article  Total three thousand eight hundred Somali Shilling banknotes (380,444,400 million) German and the British La Rue banknote printing patent was submitted. 

The government did not submit its plans to print money to the JSL House of Representatives in accordance with the law. Article  Article  Unlawful Article  According to Article 54 (3) of the Constitution of the Republic of Somaliland, money laundering is within the jurisdiction of the legislature or representative body. Article  Money laundering Somaliland shilling banknotes are sent to law Establishments are legal but legal competition is not.   

Financial Impact of Money Printing  Minister of Finance informed JSL Representatives that work in the Eastern region has been stopped . Moreover, Wajale's income has also decreased significantly. In the President's statement, it was clearly stated that there was no deduction for money that the state could not pay.   With this burden, inflation and exchange rate changes have already come due . Today, food and livelihoods cannot be cut off, and many families and citizens live in poverty and hunger.  Shillings

NOTE  The National Party is very concerned and concerned that exchange rates and inflation will lead to government policies that will have a negative impact on all JSL people.   We call on the JSL President and his government to take back their crimes and not be excused. If the decision does not reflect the failure of JSL Members of Parliament to mark the promulgation of the constitution,   it is a crime and a conspiracy against the people and the country.