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Khartoum, January 16, 2010 – A batch of new Somali
currency will be printed in Sudan following an agreement signed in
Khartoum today, Sudan state media reported.
The Managing Director of Sudan’s Currency Printing office Mohammed
Al-Hassan Al-Bahi signed for Sudan Government while the Somali Finance
Minister Sharif Hassan Sheikh signed for his government.
The cost of the printing process will top $17 million, SUNA reported
The Sudanese minister of Finance and national economy Awad Al-Jaz and
the governor of Sudan’s Central Bank Saber Mohammed Al- Hassan were
present at the ceremony.
Al-Jaz noted the “historical relations” between the two countries adding
that the printing of the currency can contribute in realizing stability
and development in Somalia. He said that Sudan’s experience in as a
country emerging from conflict can be a good experience for Somalia.
The Somali minister hailed Sudan’s efforts in achieving peace saying
that the presence of legal currency would contribute positively to the
economy.
Somalia has been seeking Sudan’s help in rebuilding its government’s
institution and security forces in a bid to assert control over the
lawless country. The issue of currency was discussed during the visit of
Sharif Hassan to Sudan last year.
Somalia has had no effective central government for 19 years. Regional
and international efforts to install one have so far been undermined
with rampant insecurity fueled by Al-Shabaab Islamic insurgency.
Source: Sudan Tribune, Tuesday, January 12, 2010
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