Mogadishu (Kaab TV) – Businesses in Mogadishu have stopped accepting the Somali shilling, as the 1,000-shilling note — the only remaining widely circulated denomination of the national currency — has now been rejected in markets across the capital.
Public transport operators, markets, and small shops in the city, which were among the few places where the Somali shilling was still commonly used, have refused to accept payments from customers attempting to purchase goods and services with the currency.
The people most negatively affected by the situation are low-income individuals who rely heavily on public transportation for their daily travel.
The Federal Government of Somalia, whose term has expired, and the Banadir Regional Administration are expected to respond to the issue, as it has created serious difficulties for many citizens who still possess Somali shilling currency.
The currency had already fallen out of use in several regions of the country, where people increasingly rely on mobile money transactions. Now, Mogadishu — one of the last areas where the Somali shilling remained in circulation — has also effectively abandoned its use.