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World News 2013 - Somalia gripped by inflation, high prices
- Published_at:2013-03-13
- Category:News & Politics
- Channel:WorldNews2013i
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- description: http://www.youtube.com/WorldNews2013i Subscribe for Latest World News Updates 2013 For many people in Somalia, life is proving to be much more difficult each day as inflation rates continue to soar in the war-torn Horn of Africa nation. The Somali shilling has lately lost value against the dollar. According to analysts, influx of foreign currency and especially the dollar circulating in Somalia is partly to blame for the financial woes. The inflation has angered a wide section of the Somali public who blame the government for the financial crisis. They now hope that the government will address this issue immediately. Authorities in Somalia however say they are developing a strategy to fight the inflation that has gripped the country. Most recently, Somali president Hassan Sheikh Mohamud has called on the international community to help proving food to the vulnerable. Analysts say that the government in Mogadishu lacks financial regulation. Now, inflation has affected the whole nation. Somalis now are calling on the federal government to solve the problem once and for all. Abdulaziz Billow, Press TV, Mogadish Follow our Facebook on: http://www.facebook.com/presstvchannel Follow our Twitter on: http://twitter.com/presstv Follow our Tumblr on: http://presstvchannel.tumblr.com
| ranked in date | views | likes | Comments | ranked in country (#position) |
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| 2013-05-15 | 1,381 | 1 | 0 |
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