Shabelle Media Network (Mogadishu)
18 December 2011
Mogadishu — The prime minister of Somali transitional federal government Abdiweli Mohamed Ali, on Sunday warned against economic problems to face the people in the country, if the flow of money from US bank which the Diaspora used to send money to Somalia faced disruption.
In a press conference held in the capital Mogadishu by the prime minister of Somalia Abdiweli Mohamed Ali, said that the people of Somali in the country are dependent for money from their relative in America send to their loved ones in a country racked by war and famine.
The premier noted that his government is struggling and making contact with the United States of America over the shutdowns and closure of a bank in Minnesota called Sunrise Community Banks which said it would close its accounts with the Somali money transfer businesses after realizing it was at risk, and could not prevent funds from winding up in terrorists’ hands.
The PM lastly warned Somali transfer banks in the USA to monitor the money transactions they send to the country, if it goes into terrorists’ hands or not. Members in the outside country of the Diaspora largely rely on sending money through Hawalas to their relatives in Somalia.
Sunrise Community Banks in USA is a critical pipeline that Somalis in America use to send money to relatives in Somalia.
AllAfrica – All the Time