Somalia looks to raise $40 million for new currency launch
Somalia seeks $40 million to launch new shilling notes in push to end counterfeit era
MOGADISHU — Somalia’s government says it is $40 million short of the cash it needs to print a new series of Somali shilling banknotes — a long-promised overhaul officials argue is essential to restoring confidence in the currency and curbing the counterfeit notes that dominate everyday transactions.
Prime Minister Hamza Abdi Barre told reporters the total cost of the rollout is about $70 million. Somalia has secured $30 million in…