Mogadishu (Kaab TV) – The markets in Mogadishu remain in a state of instability, where the official national currency, the Somali Shilling, is not being fully used.
Traders and currency exchangers are now heavily reliant on foreign currencies, particularly the US dollar. They say confidence in the Somali Shilling has declined significantly, which has affected its use in local markets.
Currency exchangers held a protest in Mogadishu, expressing concern over the ongoing situation. They accused the government of failing to address the problem and of not taking visible steps to strengthen the use of the national currency.
They called on the government to intervene urgently and establish a clear policy to restore confidence in the Somali Shilling, in order to stabilize business activity and market operations in the city.