somaliland currency valuation would dictate inflation and deflation and the price of goods in somaliland , somaliland currency is set to increase in value so a stronger currency in somaliland would happen as its central bank authority would pick a value number of its currency , currency’s can be backed by gold and ore to make it stonger ,
if somaliland picks a 17 shillings per dollar value towards the dollar it would have one of the highest currency in Africa
- 17 shillings per dollar makes 34 billion dollars
- 44 shillings per dollar makes 32 billion dollars
- 70 shillings per dollar makes 23 billion dollars
inflation and deflation and price of good , many countrys would peg for trade such as japan and korea likey 1to1 pegg for exports and currency’s somaliland could reward it self for hard work in building thier own country and setting thier Parliament and democracy
it mean somaliland labour force stat per 1 million population would be around 32 billion for 1 million people in labour above china , iraq , mexico and many countrys somaliland could be a oil rich countrys with 400,000 barrels of crude oil output and have loans of 14 billion every three years due to oil funds exports.
if somaliland is set to be a a oil rich nation a lower currency would and could be normal and 17 shillings per dollar and oil revenues would mean that somaliland can sustain it currency vaule and get loans , somaliland picks 70 shillings per dollars it could be too high
example
somaliland 17 shillings per dollar with oil exports trading partners , thailand , european union , japan , india and united states
somaliland 44 shilings per dollar with oil exports eu , china , india , south america
somaliland 70 shillings per dollar with oil exports china , india , usa , eu
a powerful shilling vaule would mean that somaliland can trade with developed nations only if pegged at 1 to 1 somaliland oil export and trade with richer countrys , such as european union , serbia , srilanka , india japan, and south korea , it would complicated and possible that the top five trading parners of somaliland could chnage if the currency is extra extra stronge ie 17 shillings per dollar with crude oil ,
is that thier is no need to trade with many many countrys that being developed and somaliland may change towards less countrys and reach a 10 country limit in trading part as a sign of a oil rich country , somaliland may reach as a high developed country and have 4 trading partners only , such as , china , usa , eu, brazil it would be a sign of richness and the reduction of trading partners