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Somalia Faces 40% Drop in Imports and Rising Inflation, Cabinet Responds

Somalia’s federal cabinet today approved new security regulations and reviewed stark new data showing a 40% drop in imports and double-digit inflation in food...

Last Shilling Standing: Mogadishu Traders Turn Their Back on Somalia’s Worn-Out Currency

Parts of Mogadishu have effectively sidelined the Somali shilling, with traders and public transport operators refusing to accept the country’s last circulating banknote. The move has disrupted daily life for low-income residents and intensified pressure on the government to fast-track a long-delayed currency reform.

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