Today from Hiiraan Online:
Somalia: Somali Ministers Call On Barclays to Maintain Remittance System
Tuesday, September 10, 2013
A number of Somali ministers expressed concern over the effects of tightening regulations on the international banking system, saying they hinder the Somali diaspora from supporting their families through remittances, the Somali Prime Minister's office said Thursday (September 5th).
The ministers called on Barclays and other international banks to maintain the current remittance system.
"We are deeply concerned the situation of the money transfer business, which is the main source of income to millions of people and contributes a significant percentage to the regional economy," Deputy Prime Minister and Minister of Foreign Affairs Fowsiyo Yusuf Haji Aadan said during a cabinet meeting.
"Stopping the diaspora support system will have a negative impact to the livelihood of the Somali community and other similar communities around the region," she said.
Barclays set September 30th as the deadline when new regulations take effect.
Leicestershire fire engine donated to Somali capital
Deputy President William Ruto, Joshua Sang deny ICC poll violence charges
- The Standard
Suspect denies link to Somali terror group
- Daily Nation
President Hadi meets Somali Prime Minister
- Yemen News Agency
Seattle armed robbery suspects face judge Monday
- KIRO Seattle
Tanzania Apprehends More Than 700 Illegal Immigrants
Somali President Rides Through a Bumpy Year
Canadian envoy warns on Kenya's ICC pull-out bid
- Daily Nation
Top world chefs help out bombed Somali restaurant
East Africa: Horn of Africa Polio Outbreak Thwarts Global Eradication Effort
IMB urges vigilance off the Somalia coast
EU gives support to AU mission in Somalia
Aid agencies call on Barclays Bank to keep Somali lifeline open
Somali-American Promotes Better Turkish-Somali Relations
- Sahan Journal
Post your comments
You need a Frames Capable browser to view this content.
All Rights Reserved Copyright. © 1999-2013, www.hiiraan.com