Somali Shilling Hits Record Low Against USD

Somali Shilling Hits Record Low Against USD

According to the latest data, 1 Somali Shilling is equivalent to 0.0000175 USD, and the exchange rate of the US dollar to the Somali Shilling is 571.144. The fluctuations in exchange rates indicate market stability, which has a significant impact on international trade.

Logistics Index Hits June High Despite Supply Chain Strains

Logistics Index Hits June High Despite Supply Chain Strains

The logistics management index in June reached 60.7, showing a significant increase from May and indicating signs of recovery in the logistics sector. Inventory levels and costs continue to rise, while warehousing capacity has entered a contraction phase for the first time, reflecting potential uncertainties in future supply and demand. Changes in trade policy have also had a significant impact on the economy and the outlook for the logistics industry.