How Tailors Patch Somalia’s Outdated Banknotes

Somalia’s currency system is stuck in the past. The only banknotes in circulation date back to Siad Barre’s rule decades ago. With no functioning central bank to issue fresh notes, worn bills are often patched or even privately reproduced just to keep daily transactions alive. Despite this challenge, Somalia still asserts its sovereignty and continues to operate its economy. The situation highlights both the resilience and fragility of Somalia’s financial system. It shows how informal fixes have become a stopgap in the absence of formal currency management.

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