Subhead:How an emerging nation on the Horn of Africa has built a stable economy and society largely ignored by the world.#
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During my visit to Somaliland, I spoke with Hamse Khaire, Deputy Governor of the Bank of Somaliland, about the remarkable success of this fledgling democracy.
“Somaliland is in good shape,” Khaire told me. “Our economy has a strong foundation, and we are doing well. Even before Israel’s recognition, we maintained stability and the credibility of our currency, the Somaliland shilling.”
I travelled to the Horn of Africa on a mission to uncover the truth about Somaliland, a self-declared republic often overlooked by the global community.
Khaire highlighted that Somaliland has managed to survive without access to the global financial system, overcoming unemployment and poverty. “We cannot get loans from the IMF or World Bank, yet we have maintained peace and built an economic system that survives better than many countries connected to the global system,” he said.
