The crew of a tiny skiff took on a Spanish warship off the Somali coast on Thursday. Predictably they lost. But a new study reports that about one-third of pirate ransoms are converted into Somali shillings, benefiting casual labor and pastoralists in the Puntland region.
Focus On: Somali Pirates Attack European Warship
, Sun 15 Jan, 05:29 am 2012
The crew of a tiny skiff took on a Spanish warship off the Somali coast on Thursday. Predictably they lost. But a new study reports that about one-third of pirate ransoms are converted into Somali shillings, benefiting casual labor and pastoralists in the Puntland region.
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