HomeTop NewsBeledweyn residents protest over use of US dollar currency

Beledweyn residents protest over use of US dollar currency

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The residents of Beled-Weyn have taken to the streets on Wednesday to protest against the decision by the business owners to dump Somali shilling. Business was brought to stand still for hours before the intervention of the local authorities. Business owners in the area have opted for US Dollar currency in their service to the […]

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The residents of Beled-Weyn have taken to the streets on Wednesday to protest against the decision by the business owners to dump Somali shilling.

Business was brought to stand still for hours before the intervention of the local authorities.

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Business owners in the area have opted for US Dollar currency in their service to the public due to law value of Somali shilling for the past few months.

Efforts led by city mayor Omar Adan Ibrahim have requested local currency exchange market to look into the matter to resolve the crisis.

US dollar is widely used in Somalia after more than two decades of the civil war de-valued Somali shilling.

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