18 September 2010

More Awesome News from the (non-)nation of Somaliland

Monty Munford thinks that Somaliland, not content with democratic elections and biometric passports, is also likely to become the first nation to become a cashless society, due to expansion in mobile money transfers and retail payments.

He also throws in these tidbits:

For every dollar there are almost 17,000 Somaliland Shillings

The state itself runs on a budget of only $40 million dollars

competition between the country’s carriers means calls from Somaliland are five to six times cheaper than other African countries.”

I really have to go visit.

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