Sudan pledges to help Somalia print banknotes

On 3 May 2009, the Sudanese News Agency reported that Sudan’s government said it would print new currency for the Somali government. The finance minister of the Somali government, Sharif Hassan Sheik Adan, met in the Sudanese capital of Khartoum on April 29, to talk with Sudan’s minister for finance, Dr. Awad Ahmed Jazmet, who said that Sudan will help Somalia with the development of financial constitutions and would renew trade relations between the two countries. Currently the only banknote circulating in Somalia is the 1,000-shiling note (B312; face value of US$0.60), which has been reprinted without authorization by Somali businessmen. No word yet on when new notes would enter circulation, nor what denominations would be printed.

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