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Can a new currency help Somalia

Geoff Riley

9th February 2016

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In a country where no new bank notes have been printed for over 39 years, can a new currency help Somalia to re-establish a financial system to support growth and help lift people out of extreme poverty? Or will the majority of people continue to prefer the US dollar as a medium of exchange?

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.