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Ali Jama Baqdadi, governor of Somaliland s central bank, announced last week that an influx of counterfeit dollars had entered Somaliland first from Mogadishu and then via Ethiopia. In a public statement, he assured Somalilanders and those invested in the economy that his top priority would be to intercept the counterfeit notes in order to defend its economy. His public announcement coupled with efforts to block and confiscate the fake notes shows the seriousness of intent.
The flood of counterfeit U.S. dollars into Somaliland is likely not simply a get-rich-quick scheme; rather it appears to be grey zone warfare, that is, aggression launched by one state against another meant to derive advantage without crossing the threshold into war.
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