Tag: Somaliland Central Bank

Somaliland to sue WorldRemit chairman over over “false allegations” on printing money

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Somaliland’s Central Bank has announced that it is taking legal action against the owner of WorldRemit, Ismail Ahmed. A statement from the Central Bank of Somaliland has indicated that legal action will be taken against the owner of WorldRemit, who is accused of making false allegations against the bank and its leadership. The Central Bank […]

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World Remit boss accuses Somaliland Central Bank of printing new shillings to devalue currency

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The founder and chairman of World Remit, Ismail Ahmed, has accused the Central Bank of Somaliland of printing new Somaliland shillings and releasing electronic money into the market, which has caused the devaluation of the Somaliland shilling. In a Facebook post on September 23, the chairman of the International Money Transfer urged the Somaliland government […]

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