somaliland central bank can dictate as united nations say new countrys can dictate vaule at central bank with inflation and deflation somaliland would see cheaper cars , mobiles and food a car would cost less with possible new currency name
- somaliland currency value stands at 571 shillings per 1 dollar
10 percent of 571 shillings would be around 57 shillings per 1 dollar
if somaliland gdp is at 4.7 billion dollars and currency drops by 400 percent towards 70 shiiligsn per dollar it means a 4 times increase in value would happen overnight so 4.7 times by 4 due to 400 percent rise it means Somaliand would make 22 billion dollar
so 4.7 billion that doubles 2 times due to a 400 percent drop in currency value ie 70 shiilings per dollar would mean around 22 billion dollars and cheaper foods and cars and mobile a mobile at 70 shillings per dollar would cost around 3200 somaliland shillings at 44 usa dollar
and its higher than 400 percent around 88 percent drop in value where important info is that somaliland gdp is **4.7 billion ** it would double 2 times towards 22 billion dollars as each numerical value is part of the currency vaule and its around 88 percent increase so somaliland currency would increase in vaule by 88 percet ie 70 shiilings per dollar and the increase would inside the economy of somaliland gdp for every shilling towards the dollar
aspects such as large force increase that is concentrated on its gdp value would happen it a very high amount of the decrease and increase in value of somaliland shillings it could reach around 23 billion dollars and somaliland would grow around 5 percent per year 5 percent of 23 billion is 1.2 billion dollar and a billion per year increase is possible and likely , foreign reserves would increase in value towards 1 billion dollars if somaliland foreign reserves are around 200 million it means it would reach 1 billion dollars and budgets would reach around 2.3 billlion if not more. and internal banking monetary stocks of bussines and perosnal account would rise in value towards the dollar where it would be simialr to india , and algeria and bangladesh of not being easy to buy from the west with thier own currnecys