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Africa Horn | |
Food prices trigger 2nd day of Mogadishu riots | |
2008-05-07 | |
![]() 'I'm hungry and yet cannot even buy food,' Abdifatah Hussein, 25, told Reuters, clutching a bunch of Somali shillings. 'I fear we might start eating one another. We will never stop protesting until traders accept the notes.'
Many shopkeepers have rejected the old notes, which are still legal currency, saying wholesale traders and currency traders will not take them. Most of them are demanding dollars, or newer Somali shillings. Somalia's shilling is valued at about 34,000 to the dollar, and many blame a fall in value of nearly 150 percent over the past year on counterfeiters who mint the notes and then exchange them for dollars. That has ramped up inflation already triggered by rising food prices. Though agriculturally fertile, Somalia's violence and anarchy makes it largely dependent on food imports. | |
Posted by:Steve White |
#3 So what're we rioting about today? Food prices. Oh. Okay. |
Posted by: tu3031 2008-05-07 12:44 |
#2 Though agriculturally fertile, Somalia's violence and anarchy makes it largely dependent on food One guess which taxpayers get to play the role of Uncle |
Posted by: ed 2008-05-07 08:37 |
#1 and the insurgents could not immediately be reached for comment. |
Posted by: Sninert Black9312 2008-05-07 07:01 |