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New bank payment systems get money moving in Somalia

What if, to send money from Washington to New York, you had to call your banker in Singapore? Until 2021, what sounds like a mere thought experiment was a very real problem for businesses in Somalia, which lacked a working interbank payment system. Since then, however, the Central Bank of Somalia, has put together the “rails” that make money “move” safely and quickly to support economic activity. ....

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Light at the end of the tunnel? Update on the impact of COVID-19 on the private sector in Somalia

Light at the end of the tunnel? Update on the impact of COVID-19 on the private sector in Somalia
worldbank.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldbank.org Daily Mail and Mail on Sunday newspapers.

Jubbada Hoose , World Bank Group , Somali Chamber , World Bank , Un Industrial Development Organization , Ministry Of Commerce , International Finance Corporation , World Bank Executive Board Of Directors On , Somali Ministry Of Commerce , Follow Up Enterprise , Development Organization , Somali Ministry , Somalia Capacity Advancement , Digital Uplift Project , World Bank Executive Board , Business Registration , Licensing System , Somalia Trade Information Portal , Enterprise Survey , ஜுபடா குழாய் , உலகம் வங்கி குழு , சோமாலி அறை , உலகம் வங்கி , ஐ.நா. தொழில்துறை வளர்ச்சி ஆர்கநைஸேஶந் , அமைச்சகம் ஆஃப் வர்த்தகம் , சர்வதேச நிதி நிறுவனம் ,