Somalia: Central Bank Governor Resign...

Somalia: Central Bank Governor Resigns After Seven Weeks

There are 10 comments on the AllAfrica.com story from Nov 3, 2013, titled Somalia: Central Bank Governor Resigns After Seven Weeks. In it, AllAfrica.com reports that:

The central bank governor of Somalia has unexpectedly resigned after seven weeks in the job, citing corruption concerns, in a blow to donors who have promised to pour billions of dollars of aid into the failed state.

Join the discussion below, or Read more at AllAfrica.com.

Sheikh Voodoo

Melbourne, Australia

#1 Nov 3, 2013
To Somalis, being corrupt is seen as a noble characteristic. For them, being a corrupt person is the 6th pillar of Islam.
anarchist

Minneapolis, MN

#2 Nov 3, 2013
Sheikh Voodoo wrote:
To Somalis, being corrupt is seen as a noble characteristic. For them, being a corrupt person is the 6th pillar of Islam.
Sheik voodoo is an economically challenged fucktard.

1) central bank doesn't produce anything all they do is dilute the money in circulation, which is called inflation

2) central banks usually finance the wars of the ruling junta, so at its core historically it is pure evil

3) there is a growing movement to get rid of the countries who have it!

http://en.wikipedia.org/wiki/End_the_Fed
Sheikh Voodoo

Melbourne, Australia

#3 Nov 3, 2013
anarchist wrote:
<quoted text>
Sheik voodoo is an economically challenged fucktard.
1) central bank doesn't produce anything all they do is dilute the money in circulation , which is called inflation
2) central banks usually finance the wars of the ruling junta, so at its core historically it is pure evil
3) there is a growing movement to get rid of the countries who have it!
http://en.wikipedia.org/wiki/End_the_Fed
If you have the read article, then you would have noticed that Central Banks in the Third World like Somalia work as an arm of the regime's treasury. That is where the government funds are kept, pay the wages of the civil servants and all the other expenditures of the different departments in accordance to their annual budgets. The chief is also responsible for paying out the contracts signed with other entities given that the parliamentary finance committee has approved it.
Sheikh Voodoo

Melbourne, Australia

#4 Nov 3, 2013
The Central Bank of Somalia acts as the Somali government's banker, and as such, government funds are kept at the Central Bank. Once the Bank has completed its redevelopment, it will also have a fully functioning payments system.

By law, to ensure it is able to carry out its mission without interference, the Central Bank is an autonomous entity. It enjoys this unique status to safeguard it from external influence, allowing the Governor and the Board of Directors to focus on the Central Bank's legally mandated responsibilities.

http://www.centralbank.so/ #!about/csjm

Easy with the name calling and insults like a drunk person.
anarchist

Minneapolis, MN

#5 Nov 3, 2013
Sheikh Voodoo wrote:
Easy with the name calling and insults like a drunk person.
alright i will quit using bad language when u show respect.

that maybe asking too much...

there is this argument, cause u are voodoo u have scratch an itch and hurl an invective such as "sixth pillar, somali and corruption" without which u probably won't get a response

Since: Apr 12

Location hidden

#6 Nov 3, 2013
Sheikh Voodoo wrote:
The Central Bank of Somalia acts as the Somali government's banker, and as such, government funds are kept at the Central Bank. Once the Bank has completed its redevelopment, it will also have a fully functioning payments system.
By law, to ensure it is able to carry out its mission without interference, the Central Bank is an autonomous entity. It enjoys this unique status to safeguard it from external influence, allowing the Governor and the Board of Directors to focus on the Central Bank's legally mandated responsibilities.
http://www.centralbank.so/ #!about/csjm
Easy with the name calling and insults like a drunk person.
Don't waste your time arguing with a blind man for he has no sight
anarchist

Minneapolis, MN

#7 Nov 3, 2013
cor_leonis wrote:
<quoted text>
Don't waste your time arguing with a blind man for he has no sight
wow, if you only heeded your own advice troll
Sheikh Voodoo

Melbourne, Australia

#8 Nov 3, 2013
cor_leonis wrote:
Don't waste your time arguing with a blind man for he has no sight
Thanks mate, point taken.
anarchist

Minneapolis, MN

#9 Nov 3, 2013
Sheikh Voodoo wrote:
<quoted text>
Thanks mate, point taken.
two completely crazy fucktards.

Of all places why do u come to somalia topix if you hate somalis?

Since: Apr 12

Location hidden

#10 Nov 3, 2013
anarchist wrote:
<quoted text>
two completely crazy fucktards.
Of all places why do u come to somalia topix if you hate somalis?
don't flatter yourself now this is a free country you know

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