Mogadishu Mom Misses Out in Somalia Shilling’s Rally: Currencies
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Asha Ali Mohamed has seen few benefits from the Somali shilling’s 33 percent surge against the dollar this year as the Horn of Africa nation starts to recover from two decades of civil war.
The shilling’s advance has made it the best performer among 177 currencies tracked by Bloomberg this year, and while signs of a business revival in the capital Mogadishu are fanning the appreciation, there’s another less encouraging reason for the gains: no new official bank notes have been printed since 1990.