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SIDRA Calls on Mogadishu to Rein in Currency Depreciation in Puntland Garowe (PP News Desk) The currency depreciation in Puntland continues to create a headache for the incumbent administration led by Said Abdullahi Deni. A paper published by SIDRA, a Garowe-based think tank, outlines the causes of the monetary problem, its impact on the Somali shilling, and suggests solutions. SIDRA researchers interviewed 128 respondents. 77% of them said they get paid in dollars; 31% in Somali shilling. The paper did not specify wheteher respondents are public or private sector employees, or labourers in the informal economy. SIDRA urges the Federal Government to help Puntland effectively deal with currency depreciation.

Somalia generalAbdullahi deniAbdiweli mohamed aliPuntland statistics departmentWorld bank somaliaWorld bankUnion of islamic courtsSaid abdullahiFederal governmentPresident deniMohamed said samantarSenior economistExecutive directorPuntland stateIslamic courtsFederal member state