US bank ending of Somali money transfers to have catastrophic impact’
A decision by a U.S. bank to stop doing business with companies that transfer money from Somalis living in the United States to families back home could have a “catastrophic” impact on the fragile Horn of Africa country, development groups said. The lack of a formal banking system in Somalia is one of the legacies … Continue reading US bank ending of Somali money transfers to have catastrophic impact’
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