{"id":17623,"date":"2008-04-04T07:38:00","date_gmt":"2008-04-04T07:38:00","guid":{"rendered":"https:\/\/test946983.live-website.com\/?p=17623"},"modified":"2020-01-12T17:21:24","modified_gmt":"2020-01-12T17:21:24","slug":"somalia-to-issue-new-banknotes","status":"publish","type":"post","link":"https:\/\/banknotenews.com\/?p=17623","title":{"rendered":"Somalia to issue new banknotes"},"content":{"rendered":"<p class=\"has-larger-font-size\">\n<div class=\"blog-entry-body\">According to a <a href=\"http:\/\/africa.reuters.com\/business\/news\/usnBAN946551.html\" target=\"self\" rel=\"noopener noreferrer\">Reuters report dated 29 March 2008<\/a>, Somalia\u2019s central bank plans to revamp the country\u2019s currency because of a flood of fake notes printed by warlords and businessmen. Addressing donors meeting in neighbouring Kenya, the bank\u2019s director general, Sharif Mohamed Hassan, said \u201cgreedy\u201d individuals had pumped counterfeit cash into the market for years, driving the local unit to its lowest ever level. \u201cThe present situation of counterfeit money is catastrophic,\u201d he said. \u201cIt\u2019s a priority to provide the market with a stock of new banknotes with good security features. Of course this is not easy, as the fake notes are printed in many areas that are not properly controlled.\u201d He said Somalia\u2019s new notes would be produced by a \u201cworld renowned\u201d money printer, but did not give a timetable.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a Reuters report dated 29 March 2008, Somalia\u2019s central bank plans to revamp the country\u2019s currency because of a flood of fake notes printed by warlords and businessmen. Addressing donors meeting in neighbouring Kenya, the bank\u2019s director general, Sharif Mohamed Hassan, said \u201cgreedy\u201d individuals had pumped counterfeit cash<span class=\"more-link\"><a href=\"https:\/\/banknotenews.com\/?p=17623\">Read More\u2026<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,337],"tags":[118],"class_list":["entry","author-owen-linzmayer","post-17623","post","type-post","status-publish","format-standard","category-africa","category-new-note","tag-somalia"],"_links":{"self":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/17623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17623"}],"version-history":[{"count":2,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/17623\/revisions"}],"predecessor-version":[{"id":24472,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/17623\/revisions\/24472"}],"wp:attachment":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}