MOGADISHU, Somalia — Some traders in Mogadishu have stopped accepting the Somali shilling, affecting residents who rely on the 1,000-shilling note for transactions.
The 1,000-shilling note, the most widely used denomination, has been rejected in several markets, with traders citing its worn condition and lack of replacement.
Residents in Heliwaa district said traders refused the currency on Monday, instead demanding payment in U.S. dollars or through widely used mobile money.
The move is believed linked to the poor state of the notes, many torn and damaged after years without replacement by authorities.
A resident said the 1,000-shilling note was rejected at Heliwaa’s livestock market, adding traders no longer accept it despite its widespread use.
He said the worn condition of the notes has made transactions difficult, suggesting authorities may be allowing the currency to be phased out.
The decision has also affected public transport, with some drivers refusing to accept Somali shillings, creating additional challenges for commuters across Mogadishu.
The 1,000-shilling note has previously been rejected in parts of central Somalia, where many people instead rely on dollars or mobile payments.
