currency

Tuesday April 14, 2026 Mogadishu (AX) — In a swift and sweeping move that caught many residents off guard, traders across Mogadishu on Monday stopped accepting the Somali shilling, pushing the national currency out of one of the last major markets where it still circulated in limited form. The change took hold quickly in the city’s busiest markets, on public transport and in neighborhood shops, leaving many people — especially low-income residents who depend on cash for daily purchases — facing immediate difficulties paying…

By Abdullahi Farah AbdullahiMonday April 13, 2026 1. Hordhac iyo Muhiimadda Shilin Soomaaliga Shilin Soomaaliga, oo ah lacagta rasmiga ah ee Jamhuuriyadda Federaalka Soomaaliya tan iyo 1962, wuxuu muddo dheer ka mid ahaa astaamaha ugu waaweyn ee dhaqaalaha dalka. Waxaa lagu bixin jiray mushaaraadka shaqaalaha dowladda, canshuuraha ayaa lagu uruuri jiray, ganacsiguna si caadi ah ayuu ugu socon jiray. Xilli nidaamka maaliyadeed uu lahaa qaab dhisan, Shilinku wuxuu ka tirsanaa lacagaha bulshada iyo ganacsatadu si buuxda ugu…

President Donald Trump’s signature is set to appear on new U.S. paper currency, the Treasury Department announced, a development that would mark the first time a sitting president’s name has been placed on dollar bills and arrives as the nation prepares to observe its 250th anniversary. Under longstanding practice, the signatures on American dollar notes have belonged to the Treasurer of the United States and the secretary of the Treasury. The plan to put Mr Trump’s name on currency has drawn criticism from Democratic…

In a break with longstanding practice, the Treasury Department said US paper currency will soon carry the signature of President Donald Trump, a move scheduled to coincide with the nation's 250th anniversary and marking the first time a sitting president's name will appear on dollar bills. Traditionally, signatures appearing on Federal Reserve notes belong to the Treasurer of the United States and the secretary of the Treasury. The decision to place Mr Trump’s name on currency — and earlier efforts to place his likeness on a…

Zimbabwe’s Currency Conundrum: A Tale of Change and Skepticism In a bold yet controversial move, the Reserve Bank of Zimbabwe (RBZ) has announced plans to unveil newly designed ZWG notes, aiming to phase out the previous versions deemed “defiled” by the public. As Zimbabwe grapples with tumultuous economic challenges, the currency change raises questions about the nation’s financial future, consumer trust, and the potential for recovery. Facing Devaluation and Distrust The journey of the ZWG notes has not been smooth.…

Lawmakers are pressing Finance Minister Mthuli Ncube to deliver a comprehensive statement addressing the recent plunge in value of Zimbabwe's newly unveiled gold-backed currency. Dubbed the ZiG, or Zimbabwe Gold, this currency made its debut in April. However, it has already suffered a staggering decline of more than 40%. This drop stems from mounting market pressure urging the Reserve Bank of Zimbabwe to establish a more realistic and pragmatic exchange rate. Throughout the last several years, efforts to create a stable…

Announced at the end of last year that Eco, which is to replace the CFA franc from 2020, will eventually have to wait. Apart from the requirement that certain civil society organizations and certain economists demand the disappearance of the CFA franc, current users of this currency rarely speak on a daily basis. "Does our…