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The Puntland region of Somalia announces that it will introduce a new regional currency in 2025.

Constitutional crisis in Somalia — The Puntland region of Somalia announces that it will introduce a new regional currency in 2025. The region had previously shifted to use of the United States dollar in 2021, due t

Published December 21, 2024· Updated October 28, 2026·1 min read

Image: Wikimedia Commons — Public domain — by Government of Puntland. Images shown are not owned by Orubus, Oseen or any of its related companies — all rights remain with the stated owners and licensors.

Context: Constitutional crisis in Somalia.

The Puntland region of Somalia announces that it will introduce a new regional currency in 2025. The region had previously shifted to use of the United States dollar in 2021, due to severe inflation of the Somali shilling. [https://www.garoweonline.com/en/news/somalia/puntland-to-introduce-own-currency-deepening-rift-with-somalia-s-government (Garowe Online)] [https://www.hiiraan.com/news4/2024/Dec/199465/puntland_state_president_announces_plan_to_introduce_regional_currency_by_2025.aspx (Hiiraan Online)] [https://horseedmedia.net/puntland-to-launch-own-currency-by-2025-amid-somalias-monetary-challenges/397646/ (Horseed Media)]

Event summary via Wikipedia Current Events (2024-12-21).