Somalia Seeks $40M for New Currency

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Somalia sought $40 million from international partners to launch new banknotes, aiming to stabilize the economy and reduce counterfeiting. Finance Minister Bihi Iman Egeh said the Central Bank would manage the rollout to ensure transparency and proper distribution. The initiative formed part of broader economic stabilization efforts following debt relief, with authorities emphasizing the need for credible currency circulation to restore confidence in the financial system.