Somalian central bank to print first notes since 1991
New 1,000 shilling looks set to enter circulation in 2017 with extensive support being provided by the IMF
The Central Bank of Somalia (CBS) will resume printing banknotes in 2017 after its banknote operations ceased more than a quarter of a century ago, the central bank announced earlier this year.
With the help of the International Monetary Fund, the central bank plans to print a new 1,000 Somali shilling ($0.05) note this year, according a recent International Monetary Fund report published in February 2017.
The fund said the new currency’s value would not exceed the US dollar assets on the
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