Somalia to Issue First New Banknotes in More Than Three Decades

Economy, Development & Health Economy, Development & Trade
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https://www.bloomberg.com/news/articles/2023-01-17/somalia-to-issue-first-new-banknotes-in-more-than-three-decades?leadSource=uverify%20wall

  • New 1,000-shilling notes to become legal tender in 2024

  • Deputy central bank governor says policy will curb inflation

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With regards to Somalia where the currency is already at an all time low of 30,000 to the USD dollar. I think, it will probably go against the typical inflationary response of economies when new currency is introduced. They are starting from a very high inflation and probably will have the positive effects of appreciating the currency.

We will find out.