Sunday, March 30, 2008

Somali c.bank to overhaul currency, counter fakes


By Daniel Wallis

NAIROBI (Reuters) - Somalia's embattled central bank plans to revamp the anarchic country's currency because of a flood of fake notes printed by warlords and businessmen.

Addressing donors meeting in neighbouring Kenya on Saturday, the bank's director general, Sharif Mohamed Hassan, said "greedy" individuals had pumped counterfeit cash into the market for years, driving the local unit to its lowest ever level. dig more http://africa.reuters.com/business/news/usnBAN946551.html

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