SAE./No.125/September 2018 Studies in Applied Economics WAS THE CASSA PER LA CIRCOLAZIONE MONETARIA DELLA SOMALIA AN ORTHODOX CURRENCY BOARD? Noah Naparst Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise Was the Cassa per la Circolazione Monetaria della Somalia an Orthodox Currency Board? By Noah Naparst Copyright 2018 by Noah Naparst. This work may be reproduced or adapted provided that no fee is charged, and the original source is properly credited. About the Series The Studies in Applied Economics series is under the general direction of Professor Steve H. Hanke, Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise (
[email protected]). This working paper is one in a series on currency boards. The currency board working papers will fill gaps in the history, statistics, and scholarship of the subject, and provide proponents of the system useful historical case studies. The authors are mainly students at The Johns Hopkins University in Baltimore. About the Author Noah Naparst is a rising junior at The Johns Hopkins University in Baltimore pursuing a degree in International Studies and Economics. He wrote this paper while serving as an undergraduate researcher at the institute for Applied Economics, Global Health, and the Study of Business Enterprise during Spring 2018. He will graduate in May 2020. Abstract We provide the first spreadsheet data series for the Cassa per la Circolazione Monetaria della Somalia (loosely translated, Somalia Currency Office), which operated in what is now southern Somalia from 1950-1960, and examine the extent to which it operated as an orthodox currency board.