Apparently, the Transitional Federal Government in Somalia has today reopened the Somali Central Bank, which collapsed after civil war erupted at the start of 1991. The reopening has been a stated aim of the transitional government for some time. News reports suggest the governmental Bank will help international donors to assist the Transitional Federal Government in Somalia. Currently donations pass through neighbouring countries such as Kenya.
© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.