After decades of turmoil, the east-African country of Somalia is finding itself in a relatively stable position. Successful elections brought in a new government, and now the country has plans to resume printing banknotes after many years of being buoyed by donors and other world organizations. Interestingly enough, mobile money is the dominant form of currency, with 37 percent of the population paying bills, buying goods, and transfer money through e-payments. Before the government begins printing new notes though, it wants to make sure it can maintain trust with known international financial institutions to make sure corruption doesn’t inflate the new currency. As for now, Somalia will continue with the transparent system of mobile money.
Somalia set to print banknotes for the first time in 25 years
More of Today's Solutions
Brighton is building Europe’s first stadium designed entirely for women’s foo...
BY THE OPTIMIST DAILY EDITORIAL TEAM For most of its history, women’s football has played in spaces that weren’t built for it: men’s training ...
Read MoreWhat doctors want you to know about GLP-1s and bone loss
BY THE OPTIMIST DAILY EDITORIAL TEAM A study presented at the 2026 American Academy of Orthopaedic Surgeons annual meeting found that among nearly 147,000 ...
Read MoreNew radioactive implant attacks cancer tumors with remarkable success
Engineers at Duke University created a promising novel cancer treatment delivery system and demonstrated its efficacy against one of the disease's most complex forms. ...
Read MoreEmbrace the learning curve: how to get through the ‘I suck at this and ...
Amid the bustle of New Year's resolutions, as you embark on a new workout program or dive into a novel activity, remember this: "New ...
Read More
