The Horn of Africa States: Demonetization Processes
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In 2020, Ethiopia carried out a demonetization of its currency and Somalia has recently announced that it would carry out a demonetization of its currency. Demonetization is the process where governments withdraw bank notes and/or coins from the market and reThe Horn of Africa States: Demonetization Processes
In 2020, Ethiopia carried out a demonetization of its currency and Somalia has recently announced that it would carry out a demonetization of its currency. Demonetization is the process where governments withdraw bank notes and/or coins from the market and replace them with new ones. This is generally done by least developing countries for either economic or political reasons. Read more