Muqdisho(INO)-Somali Prime Minister, Omar Abdirashid called for the US banks to withdraw their decision of closing the accounts of the Somali Money Transfers.
The premier said the lives of most Somalis depend on remittances transferred through the Somali Money Transfer Companies. “The remittances from Somalis in the Diaspora through the Somali Money Transfer Companies facilitated by the US banks is used to support children who lead a struggling livelihood”. The premier said. “Most of the Somalis relay on remittances through the Money Transfer Companies”. The Prime Minister added.
The prime minister said the Somali government is aware of the concerns of the US banks that illegal movements may use the remittance services, but despite this the decision of the banks to close the accounts of the Somali money transfer companies can lead to devastating humanitarian problem in Somalia.
“The decision the US banks are using to close the accounts of the Somali money transfer companies should be reviewed. I said this because this decision harms the entire Somalia, without me using any scapegoat”. The primer said.
Finally, the primer reiterated that more 60% of the Somali livelihood depends on the remittances from abroad by the Somali Diaspora community members. He called for the US banks to find an alternative solution instead of closing the accounts of the Somali money transfer companies.
Idale News Online/ English News Service.
