Somalilandsun: The Somaliland foreign exchange is stable and stakeholders are optimistic about coming days.
This was stated by the chairman of the Somaliland foreign exchange dealers mr Abokor Abdi Awale during a press briefing in Hargeisa.
Currently a dollar transacts at 9,500 Somaliland shilling .
A report by journalist Abdiwahab Dahir Hassan of the government owned Somali language daily the wargeyska Dawan reads
Quote- The chairman also said that the exchange rate has fallen from where it was before and is now going down, and it is in a good place at the moment.
He also added that the money changers usually work with the rates issued by the Bank of Somaliland although sometimes they are slightly different from the market rates and the rates issued by the bank.
On the other hand, he indicated that they hope that the quality of the Somaliland shilling will be good, and the chairman of the exchange office underlined that every nation is proud of its own currency, and he indicated that the exchange office and the government agencies have a good cooperation. as the bank of the Republic of Somaliland.
In the end, he congratulated the elected president, Mr. Abdirahman Mohamed Abdullahi Irro and his deputy, Ambassador Mohamed Ali Aw Abdi, and also praised the outgoing president, Muse Bihi Abdi
