Puntland Authorities Want Money Held at Airport Returned

[Cowke]

Somalia: Puntland Authorities Want Money Held at Airport Returned

 

Published On: Monday, June, 28 2010 - 15:19:26 This post has been viewed 13 times

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Three air planes carried the money, worth more than 17 billion Somali shillings. It was sent by the Somali Transitional Federal Government. The TFG of former President Abdullahi Yussuf owed Galka�ayo based Somali business women the money.

 

Galka�ayo,Sunatimes- Local business people and the authorities in the Galka�ayo town of Puntland have decided to reject a huge amount of money that has been held at the Galka�yo�s airport for the last three days.

 

Three air planes carried the money, worth more than 17 billion Somali shillings. It was sent by the Somali Transitional Federal Government. The TFG of former President Abdullahi Yussuf owed Galka�ayo based Somali business women the money.

 

The business people and Puntland government officials who met today to discuss the situation announced that it was too dangerous to allow entry of the money into the markets of Puntland.

 

Yasiin Abdi Samad, who attended the meeting as one the local elders, said that they agreed with the business community of Puntland not allowing the money into the markets because it was too dangerous.

 

The money, which has not been off loaded from the planes, is being guarded by police officers at Galka�yo airport.

 

Sunatimes news desk

 

info@sunatimes.com

[Chief_Aaqil]

17 billion Somali shillings???

 

Do you know what inflations means and who will pay for that. Do you know when that money enters the market, it will mean hugh inflations and that at the end of the day poop people will pay for that. Cause the rich will have it changed for dollats.

 

I thaught you guys stopped printing money? But seems Faroole will start his money printing business again.

[Jacaylbaro]

17 billion Somali shillings mean few thousands of dollars ,,,,