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Somalia:Central Bank Governor resigned after refusing to authorize
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Thursday October 31, 2013 - 20:04:26 in Latest News by Super Admin
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The sources quoting Abrar said that she was threatened when she refused to withdraw funds. She instead suggested that she withdrew the money and deposit it in the Somali Central Bank which was categorically rejected by Sheikh Mahmoud
Somalia’s newly appointed first female Central Bank Governor Yussur Abrar resigned today after she had come under pressure from her government to make illegal withdrawals of Somali money frozen in foreign banks and donor funds from American and European banks.
Sources close to Abrar who is currently in Dubai, said that President Hassan Sheikh Mahmoud and other senior government officials have been putting great pressure on her since she took over the job one month and a half ago to withdraw these funds and deposit them it in an account outside the Somali Central Bank.
and his underlings. The money was frozen in Gulf Arab banks when the Somali government collapsed in 1991. Abrar refused to withdraw the money unless the president accepted it to be deposited in the Somali Central Bank.
According to the sources, Abrar, who replaced Abduslam Omer, a fellow man from Awdal region, and has more than 30 years experience in international banks and insurance companies, has slipped out of the country after she was scared for her own security and emailed her resignation to the President from her place of stay in Dubai.
Somalia:Central Bank Governor resigned after refusing to authorize
The sources quoting Abrar said that she was threatened when she refused to withdraw funds. She instead suggested that she withdrew the money and deposit it in the Somali Central Bank which was categorically rejected by Sheikh Mahmoud