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Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) (8115 Views)

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Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by idahme(m): 11:32am On May 05, 2021
Frontail:
This wan na small ! E no reached Zimbabwe own grin grin grin



You see that Zimbabwe, anywhere Mugabe is it wont be good for him. The guy finshed Zimbabwe, they had to suspend their currency to start using USD. How can a loaf of bread go for up to a trillion of your own currently? inflation in millions of percentage, what a failed society.

1 Like

Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by idahme(m): 11:37am On May 05, 2021
Oharina:
I don't understand... are they buying and selling the currency? With what currency?


Like in the case of Zimbabwe it got a time they were buying a loaf of bread for billions of Zimbabwe dollars and up wards, that's just to tell you that a wheelbarrow load of that money might just be to buy a pack of noddles lol. Shit happens to shit hole countries
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by phylshan: 12:13pm On May 05, 2021
angry
Lumenics:
There's this story i heard about German hyper-inflation period.

A woman carried a wheelbarrow filled with money to buy bread.
Alas the wheelbarrow was stolen and the money thrown on the floor.

Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by F3dan: 12:19pm On May 05, 2021
Frontail:
This wan na small ! E no reached Zimbabwe own grin grin grin
Wait, one hundred trillion what?
grin grin grin
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by tamdun: 12:20pm On May 05, 2021
SmartPolician:
Now, this shit is getting scary.
Like I always tell people who care to listen, stop saving your money in naira.
Even your government doesn't trust naira enough to save in it.
Nigeria has its money in foreign reserves because the US dollar is a currency owned by a serious country.
So, the unserious government here can afford to render our naira useless.
I just hope it doesn't get to the Zimbabwe or Somali economic catastrophe.
I'll rather buy gold
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by gidgiddy: 12:27pm On May 05, 2021
phylshan:

What you saw there is transactions taking place. Small transactions like buying and selling of onions, tomatoes, pepper, etc

So if you want to go and buy Onion, you will use Wheelbarrow to carry the money needed? Is their money that useless?
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by TruthHurts1(m): 12:40pm On May 05, 2021
FarahAideed is a Somalian name is it not?

[img]https://images./1znrBDuf0og4xy2ScN9X3X.jpg[/img]

FarahAideed:
We told y'all Buhari will turn Nigeria into another Somalia and he has
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Oharina(m): 12:55pm On May 05, 2021
idahme:



Like in the case of Zimbabwe it got a time they were buying a loaf of bread for billions of Zimbabwe dollars and up wards, that's just to tell you that a wheelbarrow load of that money might just be to buy a pack of noddles lol. Shit happens to shit hole countries
Blood of God! I get it now

1 Like

Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by FarahAideed: 12:55pm On May 05, 2021
TruthHurts1:
FarahAideed is a Somalian name is it not?

[img]https://images./1znrBDuf0og4xy2ScN9X3X.jpg[/img]


Yes grin cheesy
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by PlaysNigeria: 1:12pm On May 05, 2021
Frontail:
This wan na small ! E no reached Zimbabwe own grin grin grin

Are those real?
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Nobody: 1:16pm On May 05, 2021
PlaysNigeria:


Are those real?
... Very Realllllllllll ! grin

1 Like

Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Nobody: 1:21pm On May 05, 2021
House1411 this explains why you see 1000naira note everywhere
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by phylshan: 1:33pm On May 05, 2021
House1411:
House1411 this explains why you see 1000naira note everywhere
Apt.
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Jollygirl19: 1:58pm On May 05, 2021
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Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Patrioticbreed9(m): 3:12pm On May 05, 2021
Frontail:
This wan na small ! E no reached Zimbabwe own grin grin grin

you are heartless
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Nobody: 3:53pm On May 05, 2021
Patrioticbreed9:

you are heartless
. Just like you cool
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Patrioticbreed9(m): 3:58pm On May 05, 2021
Frontail:
. Just like you cool
nah.. am not wink
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by armadeo(m): 10:14pm On May 05, 2021
LifeOfTrigga:
Them no see touts and thugs to rob them Na why e no expensive

Omoh! shocked

I hear for one country them pack the money for ground thief the wheel Barrow.

1 Like

Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by armadeo(m): 10:15pm On May 05, 2021
Lumenics:
There's this story i heard about German hyper-inflation period.

A woman carried a wheelbarrow filled with money to buy bread.
Alas the wheelbarrow was stolen and the money thrown on the floor.



Lol. Heard that too.

See above post.
Re: Printing More Money: See What Hyper Inflation Caused In Somaliland (photos) by Nobody: 6:45am On May 06, 2021
That is not Somalia.

That is the Republic of Somaliland, a breakaway Republic without any sort of international recognition. They broke away from the Republic of Somalia in the early 1990s after the overthrow of dictator, Siad Bare.

Somalia and Somaliland don't use the same currency don't use the same currency. Somalia makes use of the Somali shilling while Somaliland makes use of the Somaliland shilling as its official currency.

The currency of Somalia is far stronger than that of Somaliland which has been crippled by the severest former of hyperinflation.

You guys should stop peddling what you are not so sure about. This forum has several international visitors for goodness sakes.

I believe you got some of the pictures fr here right?

https://www.google.com/url?q=https://www.wsj.com/articles/an-isolated-country-runs-on-mobile-money-1530882001&sa=U&ved=2ahUKEwjH_e_XqbTwAhWQPOwKHe6EAGIQFjACegQICRAB&usg=AOvVaw2hgcqZtmKXEsDtJqio8Nyy

Republic of Somaliland:

https://www.google.com/url?q=https://en.m.wikipedia.org/wiki/Somaliland&sa=U&ved=2ahUKEwiq3drHrLTwAhVtMOwKHZVFB4AQFjAZegQIBxAB&usg=AOvVaw3YUWX65r1d5X7UQ7zO930y

Somaliland shillings:

https://www.google.com/url?q=https://en.m.wikipedia.org/wiki/Somaliland_shilling&sa=U&ved=2ahUKEwj82sinqLTwAhUKDOwKHSTvBi8QFjAAegQICxAB&usg=AOvVaw1rZc1xGLU5kyrf9Rqwl6XV

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