File Photo/Somali Times
Puntland leader Said Deni say that Puntland has been waiting for a long time for the corrupt Somalia government lead by Hassan Sheikh to create a new currency, and so far nothing has appeared, which has forced it to make this decision to create its own currency.
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The President of Puntland, in his speech, said that the situation in Somalia is currently at a dangerous point where it is difficult to maintain unity and government, and that institutions established among the people appear to be suppressing individuals or destroying the government.
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There are many federal countries in the world that have two currencies, this does not mean that we have abandoned Somalia, but we want Puntland to have its own currency, so you should start studying it and look for it.
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We have been waiting for a long time for the government to create a unified Somali shilling, but it does not appear.
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The Puntland government has been working on this decision for a while and its study is ongoing.
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We hope that in a short period of time, during 2025, Puntland will have its own currency, which will later be aligned with the Somali financial system when the “Mind” and “Brain” return, and the Somali people agree to establish a unified system.” said President Deni in a speech at the Puntland Bank headquarters in Bosaso.