Somaliland

Puntland Import / Export Tax Policy Sparks Protests

Galka’yo / Bosaso (PP News Desk) — Demonstrations have rocked the cities of Bosaso and Galka’yo in Puntland, near Taiwan’s newest diplomatic ally, Somaliland, in protest against the Puntland Government’s policy that customs officers are to collect import-export duties only in US dollars.

Demonstrators felt let down by the Puntland Government whose policies have been unable to rein in inflation in Puntland.

Some demonstrations blocked streets with rocks and burnt tyres.

Demonstrators in Bosaso.

“Who gave (the) Puntland President the authority to make the US dollar the only legal tender when paying duties at the expense of the Somali shilling?” asked one demonstrator in Galka’yo.

All businesses in Puntland immediately refused to accept Somali shillings for transactions following the decree on the use of US dollars for levying tax on imports and exports into and from Puntland.

Demonstrators in Galka’yo

Yesterday a major Garowe meat and vegetable market was not opened for business after traders decided to protest the uncontrollable exchange rate that has resulted in runaway inflation in Puntland.

“Puntland Government policies make life difficult for poor people. Only well-off people can buy food and other essentials in dollars” said a female demonstrator in the port city of Bosaso.

The Puntland State Government for their part has said it was acting on recommendations of a committee tasked with drawing up plans to deal with the inflation.

This article first appeared in the © Puntland Post, 2020 and is republished with permission

Guest Article

Recent Posts

Five dead, over 200 injured in Christmas market attack in Germany’s Magdeburg

A tragic attack at a Christmas market in the eastern German city of Magdeburg left…

11 hours ago

Trump’s debt ceiling demand set aside as US Senate passes bill to avert Govt. shutdown

In a race against time, the Senate passed a crucial bipartisan funding bill early Saturday…

1 day ago

Russian President says he regrets not invading Ukraine earlier, in his year-end press conference

In his annual end-of-year press conference, Russian President Vladimir Putin reflected on Russia's ongoing war…

2 days ago

House rejects GOP proposal to avert weekend shutdown of US Federal Government

The federal government moved closer to a shutdown on Thursday after the House of Representatives…

2 days ago

Netanyahu announces Israeli troops will stay in Syria’s Demilitarized Buffer Zone

Israeli Prime Minister Benjamin Netanyahu declared on Tuesday that Israeli forces will remain in the…

4 days ago

Chief of Russia’s nuclear protection forces killed in Moscow bombing

A high-ranking Russian military officer, Lieutenant General Igor Kirillov, was killed in a targeted bombing…

5 days ago