Puntland state leader orders administration to accept 10% of taxes in shillings
Puntland State of Somalia President Said Abdullahi Deni has issued new decreed against using of the American dollar for transactions which are less than $10 within the state. Somali Shilling and Exchange Rate, which has been the subject of public outcry in recent days and led to demonstrations. Deni, who held a press conference, said the 10% tax would be charged in Somali shillings while mobile phone bills could not be sent for less than $ 10 to make the shilling work. Deni issued the decree Saturday noting that from today (Sunday), all transactions less than $10 will be transacted in the Somali shilling in what he said is aimed at boosting the value of the Somali shilling, which has recently been rejected in the administration's markets. Puntland President Said Abdullahi Deni's statement comes at a time when the use of the Somali shilling has been banned in Puntland in recent days, and the public has been protesting.