Poorest Somalis suffer as worthless shillings pile up in Somalia
Mohamed Gabobe in MogadishuMonday May 11, 2026
So worn they are now being turned away by buses, Somalia’s banknotes have become a symbol of a cash crisis deepened by a dollarised economy and the growing reach of mobile payments, which are driving up the price of basic goods
Muse Omar Jama, 49, sits in his Mogadishu office beside piles of banknotes. He says a government order requiring the Somali shilling to be accepted is being ignored. Photograph: Mohamed Gabobe
When US troops pulled out of Somalia in the spring of 1994, a…