Somalia is seeking the services of a Nairobi-based currency expert seconded by the International Monetary Fund (IMF) as it looks to issue a new currency to replace its widely counterfeited shilling.
The Horn of Africa state has not issued official currency notes since 1991 and is banking on a $41 million donor-funded currency reform plan to phase out the counterfeit notes that account for more than 90 percent of the money in circulation in the country.
