Senate Committee Reviews Proposed Amendments to Central Bank Law

Mogadishu, (SONNA) – The Senate Committee on Economy, Finance, Trade, Industry, Communications and Tourism received officials from the Ministry of Finance, led by Deputy Minister Abdiqafaar Ilmi Xaange, at its office to discuss proposed amendments to the Central Bank Law No. 130 of 2012.

The meeting, chaired by the Committee Chairman, Senator Abdi Ahmed Dhuxulow (Dhagdheer), focused on obtaining further explanations and clarifications from the ministry officials regarding the proposed amendments, particularly the terminology used in the draft legislation.

The discussions were intended to provide committee members with sufficient information and understanding to support the review, correction and refinement of the proposed amendments as part of the Senate’s constitutional responsibilities.