Somalia: Despite Political infighting, President appoints new Central Bank Governor
Nov 27, 2013 - 2:12:18 AM

MOGADISHU, Somalia Nov.27, 2013 (Garowe Online)-Despite political infighting between President Hassan Sheikh Mohamud and Prime Minister Abdi Farah Shirdon, a new central bank governor has been appointed according to independent sources, Garowe Online reports.

President Hassan reportedly selected Bashir Isse Ali who served as the head of the country's highest monetary authority under TFG (Transitional Federal Government) of Somalia President Abdullahi Yusuf Ahmed's incumbency as former governor Yusur Abrar's successor.

The Somali Federal Government Finance Minister Mohamud Hassan Suleiman Wednesday said Mohamud discussed the appointment of temporary chief for the Central Bank with International Donors representatives in Mogadishu on Tuesday.

The appointee, Isse resigned on the grounds of new Somali Shilling banknotes when Former TFG finance Minister Sharif Hassan Sheikh Adan insisted that Sharif Sheikh Ahmed's government forged an agreement with a Sudanese company to print new Somali shilling.

Reliable sources further disclosed that he will be approved in the forthcoming cabinet meeting despite political infighting between Mohamud and Shirdon.

The central bank, a patronage system for members of the government and an institution used as a private and independent authority by Mogadishu-based government officials has been a spot for accusations on public fund mismanagement.

Though, corruption is still rampant and corrosive in Mogadishu according to UN Monitoring Group on Somalia and Eritrea, the international community is pushing ahead with progressive agendas to rebuild the war-torn horn of Africa nation.

Large scale theft of government funds has so far forced two governors Abdisalam Omar and Abrar to quit.