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"Pushed Into Poverty": Somalia’s Currency Crisis Leaves Traders Holding Worthless Cash
"Pushed Into Poverty": Somalia’s Currency Crisis Leaves Traders Holding Worthless Cash
For decades, Muse Omar Jama made a living swapping currencies in Mogadishu’s Bakara market, where customers once lined up to trade Somali shillings for dollars and mobile money. Now his office sits mostly silent, and the safes around him are stuffed with cash no one wants, according to The Guardian.
The problem began when traders in Somalia stopped accepting worn-out shilling notes, saying the bills were too damaged to use. The boycott quickly spread to shops, buses, and businesses across the...
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China Rejects 'Baseless Smear' It's Sending Weapons To Iran After Trump Warned Of 'Big Problems'
China Rejects 'Baseless Smear' It's Sending Weapons To Iran After Trump Warned Of 'Big Problems'
China has dismissed reports that it supplied or plans to supply weapons to Iran as "baseless smears," after multiple outlets cited US intelligence accusing Beijing of potentially entering the war indirectly.
"China has always adopted a cautious and responsible attitude towards the export of military items, implementing strict controls in accordance with its own export control laws and regulations and its international obligations. We oppose baseless smears or malicious association," Foreign Ministry spokesman Guo Jiakun stated...
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