Mogadishu, (insidesomalia.org)-The chairman of the main Somalia Bakara market Ali Mohamed Siyad has declared that Bakara traders will not put up with the refusal of the old money selling/buying by the traders of the market.

He also ordered the private security forces of the market to take tough action against the merchants repudiate to sell items for the people with the aged money after the traders have turned down to sell items with the old money.

He also sent appeal to the businessmen to agree to use that worn currency to avoid an additional price rise of foodstuff excessively hit in the capital.

Analysts say that the high volume of counterfeit bills is causing inflation and driving up food prices, which aid workers warn is worsening one of the world's worst humanitarian disasters.

More than 1 million Somalis are now internal refugees, and some 20,000 flee the capital Mogadishu every month to escape fighting between government forces and Anti-Gov fighters.

Although the U.S. dollar has weakened in recent months against many other currencies, it has strengthened significantly against the Somali shilling.
A month ago, one dollar was worth about 22,000 Somali shillings. Now, the shilling is at an all-time low of about 26,000. Meanwhile, the price of a 50-kilogram bag of sugar, for example, has risen from $15 a year ago to nearly $30. That means Somalis are earning less every day while having to pay much more for goods.

Source: Shabelle Media Network

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