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

India and China reach agreement on border patrolling near Tibet region

In a significant diplomatic development, India and China have announced a new agreement regarding border…

4 weeks ago

President Biden ‘concerned’ over leaks on Israel’s plans to strike Iran

The White House has voiced serious concerns regarding the recent leak of classified US government…

1 month ago

Israel lays down its conditions to White House for ending war in Lebanon

Israel has submitted a document to the United States outlining its conditions for a potential…

1 month ago

Elon Musk announces giveaway of $1 Million per day to voters in political campaign

Billionaire entrepreneur Elon Musk is making headlines for his ambitious pledge to give away $1…

1 month ago

Cuba faces nationwide blackout as main power plant fails

Cuba experienced a nationwide blackout on Friday, plunging its 10 million residents into darkness after…

1 month ago

Israel confirms its forces killed Hamas Chief Yahya Sinwar in an airstrike

Israeli forces have reportedly killed Yahya Sinwar, a senior Hamas leader and key architect of…

1 month ago