"Pushed Into Poverty": Somalia’s Currency Crisis Leaves Traders Holding Worthless Cash

"Pushed Into Poverty": Somalia’s Currency Crisis Leaves Traders Holding Worthless Cash For decades, Muse Omar Jama made a living swapping currencies in Mogadishu’s Bakara market, where customers once lined up to trade Somali shillings for dollars and mobile money. Now his office sits mostly silent, and the safes around him are stuffed with cash no one wants, according to The Guardian. The problem began when traders in Somalia stopped accepting worn-out shilling notes, saying th...

By Tyler Durden