Somalia central bank governor resigns after weeks on the job.
According to a letter sent by Mrs Abrar to the President of Somalia Hassan Sheikh Mohamud, the new governor complained about officials asking her to make illegal deals from the bank.
According to the Financial Times the letter she sent stated “From the moment I was appointed, I have continuously been asked to sanction deals and violate my fiduciary responsibility to the Somali people as head of the nation’s monetary authority.”
Yussur Abrar was appointed as the new governor of the Central Bank of Somalia last month after she met Somali officials in Brussels for Somalia’s New Deal Conference held there.
Officials familiar with the resignation also told Harar24, Mrs. Abrar was very upset over the way some officials were interacting and dealing with her. According to officials, she wanted her job to be free from outside intervention and she couldn’t get that.
According to the UN, 80% of the withdrawals of the central bank in Somalia goes to personal use and not to the benefit of the public.