Somaliland passes central banking law, eyes foreign banks Mon Apr 23, 2012 12:29pm GMT HARGEISA, April 23 (Reuters) - Somaliland has passed a law that formally establishes a central bank, and is now poised to pass another to set up commercial banks in a bid to attract foreign lenders to start operating in the self-declared country by 2013. Somaliland, a breakaway state in the northeast of Somalia, remains unrecognised internationally. It has no formal banking sector and its people rely heavily on remittances from diaspora communities in Europe, North America and the United Arab Emirates, as there are no ATMs or loan facilities. "The President has signed the Central Banking Act into law," Abdi Dirir, governor of Somaliland's Central Bank, told Reuters on Monday. "We are expecting the Commercial Banking Act to be passed in the next three to four months," Dirir said. Yemeni state-owned bank CAC, Djibouti-based Salaam African Bank, and Banque de Depot...
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Todobaadkan iyo weriyaha laanta curdinka Qalinkii: Hamud du'ale Qodobada Weriyaha laanta curdinka laga waraystay todobaadkan waxaa ka mid ah:1. Dawladdii ururada miyay ku milantay?2. Markabka Mijihiisii lagu murmayo, madaxiisii yaa liqay?3. Ma laga yaabaa komishanka Doorashooyinka Qaranka in uu ururka Wadani ku biro? 1. Dawladii ururada miyay ku milantay?Qurbaawi: Dawladii ururada miyay ku milantay? Weriyaha laanta Curdinka: Maya. M/weynaha xusbi la’aan ayaa haysa. Sidaa daraadeed isaga ma kala xigaan ururadu,Laakiin ururada ayaa mid weliba hungureenayaa in M/weynaha ururkooda hogaamiyo, marka laga reebo ururka UMMADDA, oo kalsooni buuxdaa ka muuqato. Qurbaawi: Soo kii KULMIYE hogaaminayey; soo kii ku soo tabacayey mudada dheer, soo kii masgax, muruq iyo maal midna aan kala hadhin. Soow kii dhabta uun ku siddii jirey, sidii wiil u dhalay. Maxaa dhacay? Weriye: Taa ...
Somaliland: Decisive year For the State
Somaliland: Decisive year For the State Despite numerous challenges ahead, the country appears as a beacon of stability and development in the region. Below is an article published by New Europe: edited by Mohamed Abdirahman At times of crisis it is all too easy for people to turn inwards. We have seen it again and again, but as Europe navigates a financial balancing act the decision of the European Parliament’s Committee on Foreign Affairs to discuss the issue of Somaliland this week was both welcome and extremely timely. It came after Admiral Duncan Potts of Operation Atalanta reiterated the need to work with states in the Horn of Africa if gains made in combating piracy were to be secured. My government has been devoting significant resources to this common scourge and my exchange of views with MEPs sends an important message to Somalilanders and Europeans that we are partners in a common endeavour: to bring peace, stability, and prosperity to the Horn of Africa. The London Somalia...