“We have introduced a service whereby our customers will be able to use the Sahal electronic money system to make transactions in Somali shillings. This is in line with the instruction from Puntland State Government. We have put a lot of effort into designing this service” the Head of Marketing and Public Relations at Golis told the local media today.
Golis Telecom is the first company to introduce the use of the Somali shilling for purchasing commodities or sending money to someone else.
The new service will enable costumers to save the Somali shilling in the separate account alongside the existing dollar-based account.
The company has also introduced a service for money changers.
” Golis telecom will not play the role of money changers. Money changers will provide a currency exchange service” said the unnamed official.
Last week, the Puntland Government introduced measures to enforce the use of the Somali shilling for transactions throughout Puntland following the decision of some traders to shift to the sole use of US dollars for transactions.
The Puntland-printed Somali shilling is the legal tender to be used by Sahal customers.
This article first appeared in the © Puntland Post, 2020 and is republished with permission.