Somali
businessmen are struggling hard to take the profit of the
last chance of printing Somali notes before it is too late
as the possibility for the establishment of a government and
a lasting peace for Somalia increases with the ongoing conference
for the Somalis in Djibouti.
According
to sources, some Somali businessmen are printing new Somali
bank notes in Jawa of Indonesia as their last chance to do
so.
It is
said that more than US $ 4 million worth of Somali bank notes
is being printed under fake license and authority from non-existing
Somali government.
Reports
over the fake money printing scandal had earlier been published
by the Thae Daily Kompas with Yohanes Mulyano, the manager
of the Pt. Pura Baru Kudus company, being in the center of
the disrepute.
According
to sources close to the Somali businessmen in Jakarta, they
are looking for US $ 220,000 pending to be paid before they
can withdraw the last shipment from Pt. Pura Baru Kudus factory.
The sources
said it has been part of the agreement between the Somali
businessmen and the factory administration that the Somalis
should pay half way the agreed money for the printing before
the first shipment and the other half just before the last
shipment.
The factory
is printing a total amount of Somali bank notes worth of US
$ 10 million to be delivered on three shipments.
The first
two shipments of this Indonesian printed fake money had reached
the Northeastern regions known as Puntland sky rocketing all
prices of commodities and even the basic and locally produced
food items.
The inflation
rose high horribly decreasing the value of Somali Shilling.
Before these two consignments and others from Mogadishu reach
Bossaso (the largest town in the northeastern regions) the
value of each U.S. dollar was 7500 Shillings, but it has been
10,000 Shillings against one dollar lately.
Nearly
half million dollar worth of this fake money had reached Baidoa
town hitting its markets and even propagating to the capital
Mogadishu.
It is
said that the fake shillings are all in 1000 notes wearing
the red color more than the real ones and even far darker
than the earlier printed notes by Hussein Aidid and his ally
businessmen in Canada in 1996 and 1997.
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