World Currencies

Somaliland Shilling at the 40 seconds mark!

What Somalia’s Shillings is worth 1 = 560 shillings. :rofl:

Last time I checked it was close to 30,000 shillings to the dollar.

That confused me too, even the app in my phone shows somali Shilling at 563. Doesn’t Puntland use the Somali shilling too? Why are they exchanging at 45,000 to the dollar?

Probably that is their Central Bank’s fixed official rate. Obviously the market rate is what counts on the ground.

It seems they may have done this to extort hard currency from foreigners at entry points like Mogadishu Airport.