Always Moving Always Sharing Somaliland
StudioD-B%26MG-Somaliland-Final
StudioD-B%26MG-Somaliland-Final
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WHO MAKES THE MONEY MOVE<br />
Livestock, one of the biggest industries in <strong>Somaliland</strong>, is inextricably linked to the money exchange. It is considered, conventionally, that<br />
pastoralists prefer the shilling based on their rural, shillings-based ecosystem (as described earlier). However, as Zaad use increases<br />
among pastoralists, it is unclear whether the persistence of the shilling in the livestock market (and arguably the rural ecosystem as a<br />
result) might be perpetuated by traders and the exchange, rather than by the preference of the pastoralists.<br />
SCENARIO 1<br />
The trader goes to the livestock<br />
market to work with a broker to<br />
make their purchase. He takes<br />
USD out of his bank and brings it<br />
to the exchange.<br />
LIVESTOCK MARKET<br />
The pastoralist goes to the market<br />
to make the deal with the trader or<br />
broker, then goes to the exchange<br />
to receive his payment in SLSH.<br />
DAHABSHIIL<br />
(Or other bank, but more than<br />
likely Dahabshiil)<br />
EXCHANGE<br />
TRADER<br />
US$<br />
SLSH<br />
PASTORA<br />
LIST<br />
USD<br />
“I want to buy<br />
1,000 goats.”*<br />
SLSH<br />
“I want to sell<br />
some goats.”<br />
*Traders may buy anywhere from 150 - 10,000 livestock in one<br />
transaction, depending on the market and the season<br />
B&MG - SOMALILAND MOBILE MONEY STUDIO D RADIODURANS<br />
MAY 2015 41
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