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War, War, War
See other War, War, War Articles

Title: Rebels ban cash transfer by phone in Somali
Source: Scotsman
URL Source: http://www.scotsman.com/world/Rebels-ban-cash-transfer-by.6587565.jp
Published: Oct 19, 2010
Author: Ibrahim Mohamed
Post Date: 2010-10-19 10:06:09 by Red Jones
Keywords: None
Views: 52
Comments: 1

Rebels ban cash transfer by phone in Somali

Published Date: 19 October 2010

By Ibrahim Mohamed

A SOMALI rebel group has banned the transfer and receipt of cash by mobile phone, a move the government said would stifle the economy and hurt entrepreneurs in a country where few hold bank accounts. The al Shabaab group, which professes loyalty to al-Qaeda, said mobile money transfers (MMT) helped feed Western capitalism and were turning Somalia's Muslims against Islamic banking practices.

"The use of the MMT service will be discontinued in all parts of Somalia - and the companies that offer these services, specifically Hormuud, Telesom and Golis, must stop dealing with this service," al Shabaab said in a statement.

In a country that has lacked an effective central government for almost two decades and where the banking sector remains under-developed with little reach outside the main urban centres, mobile transfers have become a popular means of moving money.

Somalis use the service to purchase goods, pay bills and buy phone credit as well as disburse remittances from relatives abroad among family members.

Remittances are a leading source of foreign exchange in the lawless Horn of Africa country. Inflows from Somalis living abroad are estimated at around $1 billion a year, helping keep many Somali families alive. Money transfer firms are a pillar of economy.

The government condemned the ban, which it said would put a stranglehold on the economy.

"The extremists are against innovation, entrepreneurship and economic development of the country. They contribute nothing to the local business but destruction, extortion, and political and economic isolation," Treasury minister Abdullahi Mohamed Ali said in a statement.


Poster Comment:

so now presumably this AlQuada affiliated group will kill Somalis for receiving or sending money by this method. Makes sense to me, their country has its government overthrown by foreigners and the proper response is to kill Somalis over it. Ugandan troops overthrew their government 3-4 years ago. and Ugandan troops again are back now to maintain power of the new puppet government.

So this group is fake opposition there to make the opposition look bad, to cause chaos, to build support for the puppet government.

its a familiar game. Ask Iraq, Ask Pakistan, etc.

The New York Post had an article in it that said 98% of all people killed by AlQuada are muslims. They hate America for its freedoms and so they kill muslims to prove it.

Osama Bin Laden for president.

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#1. To: Red Jones (#0)

so they kill muslims to prove it.

Muslims murder their slaves to maintain their power. You really don't understand how tyranny works.

PaulCJ  posted on  2010-10-19   15:59:15 ET  Reply   Trace   Private Reply  


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