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…

MOGADISHU, Somalia - The Federal Republic of Somalia may very well be working out of financial system and most operations might stall, Finance Minister Abdirahman Beileh has steered, which might paralyze the functioning of essential departments within the nation. Beileh, a well-known economist, is now reaching out to Somalis within the diaspora to run the funds after most worldwide companions stopped sending cash to the nation within the midst of the stalemate earlier than the election. In a Zoom interview with a…