Bank of Somaliland
sell  8530 | buy  8630
sell  10097 | buy  9980
sell  11823 | buy  11686
sell  2330 | buy  2303
sell  2330 | buy  2303
sell  190 | buy  188
sell  79 | buy  78
Somaliland Central Bank governor refutes Somalia claim

The governor of the central bank Mr. Abdi Dirir Abdi has refuted the claims of a Mogadishu based financial house that purported it to be opening branches in Somaliland.

According to Reuters, the so called International Bank of Somalia (IBS) was to open services in Somaliland and at the same time sell its shares to the members of the public. It quoted a Hassan Yusuf as making the claims.

In a probe to follow up the reports by our sister paper Dawan, the country’s central bank governor denied any knowledge of the financial institution’s claims.

“At no time whatsoever have we licensed such an entity”, said Gov. Dirir.

He added in the same breath, “No communications on the issue have we made with them and neither have they requested such permission from us”

The report said that the so called IBS was a liability company.