{"id":54946,"date":"2014-10-09T13:21:51","date_gmt":"2014-10-09T13:21:51","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=54946"},"modified":"2014-10-09T13:24:06","modified_gmt":"2014-10-09T13:24:06","slug":"somali-capital-gets-its-first-atm","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/10\/somali-capital-gets-its-first-atm\/","title":{"rendered":"Somali capital gets its first ATM"},"content":{"rendered":"
Somalia’s capital Mogadishu now has its first-ever ATM bank machine — and it dispenses U.S. dollars.<\/p>\n
The machine was installed in late September in the upscale Jazeera Palace Hotel, which is located 300 meters from Aden Adde International Airport in the south-west of the city.<\/p>\n
Justus Mulinge Kisaulu, the hotel’s general manager, said that he had seen people using the new machine but it had not been widely adopted. “Most of the customers were not aware there is an ATM in Somalia,” Kisaulu explained. “Local residents, most of them don’t have a debit credit or a credit card to use the ATM.”<\/p>\n
The U.S. dollar is “widely accepted” in Mogadishu and is used in local trading, according to the African Development Bank. The country’s official currency, the Somali shilling, has seen a sustained decline in value following decades of conflict in the war-torn nation.<\/p>\n