The
Somali president does not have the powers to decree by himself,order
the printing of New Currency or Commission new currency.This are tasks
of the Prime Minister and the Ministry of Finance.After the Council of
Ministers have approved must be made Law by the Somali parliament.Its
quite a process in which even we will need the input of the Somali
Central Bank.In other words the council of Ministers and the Parliament
have the last word on Printing,commissioning and decrying
of new currency for the Somali Republic.May I add there is not
any functioning,reliable Central Bank and there are not clear cut Laws
that will govern the administration of new currency.The President
behaves like a Dictator who is thinking of ways to steal the National
coffers and plunder the Somali economy with not legalized and
transparent Acts by the government and with out the consent of The
Parliament and the executive in charge of the economy.. I suspect the
President would like to bribe with the new Currencies for the election
of the new legislators and his own election came August 2012..I do not
see any other reasons for his rush to a printing Company in Sudan at
this conjecture of time.We also have the bad precedent that this same
company was used by the Notorious Speaker Mr. Sheriff Hassan when he
was the Minister of Finance at Mr. Sharmarke Premiership in 2009-2010
and printed billions of Somali shillings without any accountability. .Most
important after the London Conference the Somali government have
signed an agreement with the U.N and international community on
financial matters in which Somalia has a partner when it came to
financial issues .Which means they cannot take decisions alone on financial issues .What is
going on? Why even at the end of his transition the President is
behaving like an African dictator who thinks he has only"subjects" not people-citizen and Somalia as his homestead.Wait and see.
Somali President Inspects Sudanese Currency Printing House
www.hiiraan.com
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