Central Bank officials brief Senate Finance Committee

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The Governor of the Central Bank of the Republic of Somaliland, Eng. Ali Abdillahi Dahir, accompanied by the Director General of the Bank, Mr. Mukhtar Abdi Quule, met with the Finance Committee of the House of Elders at the Central Bank, led by the Deputy Chairman of the Committee, Mr. Mukhtar Mohamud Abdillahi.

The purpose of the meeting was to get to know each other and to be informed about the economic issues of the country.

Governor of the Central Bank Eng. Ali Abdillahi Dahir welcomed the Economic Affairs Committee of the House of Elders and briefed them on the economic situation in the country, and the Central Bank of Somaliland’s responsibilities to the nation.

On the other hand, the Director General Mr. Mukhtar Abdi Qule, for his part spoke about the techniques used by the Central Bank to control the exchange rate, and way adopted to improve the functioning of the Bank.

The committee of the House of Elders asked the officials various questions related to the Central Bank’s responsibilities to the nation.

The meeting concluded with an understanding that the House of Elders and the Central Bank should work together to finalize the remaining legislation.

The Chairman and the Director were accompanied by the Director of the Financial Institutions Monitoring Department, Abshir Abdi Mohamed, Director of the Monetary Policy Department, Mr. Mohamed Abdillahi Ali, Director of Financial Monitoring, Mr. Mawlid Farah Muse, Director of Public Relations and Foreign Affairs Mr. Mukhtar Omar Ali and the Director Abdirahman Warsame Branch.

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