Somalian central bank to print first notes since 1991
The Central Bank of Somalia (CBS) will resume printing banknotes in 2017 after its banknote operations ceased more than a quarter of a century ago, the central bank announced earlier this year.
With the help of the International Monetary Fund, the central bank plans to print a new 1,000 Somali shilling ($0.05) note this year, according a recent International Monetary Fund report published in February 2017.
The fund said the new currency’s value would not exceed the US dollar assets on the
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Book notes: The Continental dollar, by Farley Grubb
Grubb’s book brings an important new interpretation to this founding moment in US financial history