Somalia’s Puntland region plans to introduce six new banknotes soon

According to an article in SomaliaReport dated 9 March 2012, Farah Ali Shire, minister for finance for Somalia’s semi-autonomous region of Puntland, announced that they will print new and various denominations of hte Somali shilling to replace the current single 1,000-shilling note.

The new notes will be used in Puntland and areas under the control of the government in southern Somalia. The new notes—printed in Sudan—will be denominated in 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 shillings. No date was given for the introduction of the new notes, but they are expected to be ready “soon.”

Courtesy of Richard Miranda.

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