Editorial
Electronic money makes people and owners of businesses too lazy to handle physical Somali Shilling banknotes. That is why you see store owners and public transit drivers refuse to accept payment in Shillings. It is one thing to complain about rapid inflation, it is completely another wanton desire to refuse to offer services in good faith. This is the legacy of many years’ use of air money without first studying its negative impact on the future of transactions.
The phenomenon will herald havoc in the lives of ordinary residents and lead to financial and economic crisises in Somalia. We better do something before it becomes too late.
Like this:
Like Loading...
Author: Warsame Digital Media WDM
About the blogger:
This blog is associated with the former Chief of Staff in Puntland State Presidency, 1998-2005. He also worked with the UN and World Bank Joint Secretariat for Somalia’s Re-construction and Development Program (RDP), 2005-2006, as a Zonal Technical Coordinator for Puntland and later as National Aid Technical Coordinator with the Transitional Federal Government of Somalia and European Union. He is now an independent political analyst and commentator on current issues and occasionally gives historical perspective on modern Somalia’s politics. He lives and works in Toronto, Canada. He can be reached at: ismailwarsame@gmail.com
View all posts by Warsame Digital Media WDM
