Somalia to unveil new banknotes in mid-2024

MOGADISHU, Jan. 25 (Xinhua) -- Somalia plans to introduce new banknotes in mid-2024 to mop out counterfeit bills, reduce excess cash in circulation, and address inflation, the country's central bank said.

Ali Yasin Wardhere, deputy governor of the Central Bank of Somalia, told Xinhua in a recent interview in the capital Mogadishu that the new notes will be in the denominations of 1,000, 2,000, 5,000, and up to 1