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Commercial And Savings Bank Of Somalia
The Central Bank of Somalia (CBS) ( so, Bankiga Dhexe ee Soomaaliya, ar, البنك المركزي الصومالي) is the monetary authority of Somalia. Somalia has struggled to reestablish a functioning state since the collapse of an authoritarian regime in 1991. Somalia has been cited as a real-world example of an anarchist stateless society and a country with no formal legal system. The Transitional Federal Government, formed in 2004, was recognized as the central government of Somalia. Among other duties, it is in charge of ensuring financial stability, maintaining the internal and external value of the local currency, and promoting credit and exchange conditions that facilitate the balanced growth of the national economy. Within the scope of its powers, it also contributes to the financial and economic policies of the State. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Of Somaliland
The State of Somaliland (, ) was a short-lived independent country in the territory of present-day unilaterally declared Republic of Somaliland. It existed on the territory of former British Somaliland for five days between 26 June 1960 and 1 July 1960, when it merged with the formerly Italian administered Trust Territory of Somaliland to form the Somali Republic. History Initially the British government planned to delay protectorate of British Somaliland independence in favour of a gradual transfer of power. The arrangement would allow local politicians to gain more political experience in running the protectorate before official independence. However, strong pan Somali nationalism and a landslide victory in the earlier elections encouraged them to demand independence and unification with the Trust Territory of Somaliland under Italian Administration(the former Italian Somaliland). The British stated that it would be prepared to grant independence to the then protectorate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Somali Savings And Credit Bank
Somali may refer to: Horn of Africa * Somalis, an inhabitant or ethnicity associated with Greater Somali Region ** Proto-Somali, the ancestors of modern Somalis ** Somali culture ** Somali cuisine ** Somali language, a Cushitic language ** Somali, plural of Somalo, former Somali currency * Somali Plate, a tectonic plate which covers the eastern part of Africa *Somalia, a nation in the Horn of Africa * Somaliland, a self-declared state considered internationally to be a part of Somalia * Somali Region, a Somali-inhabited region of Ethiopia * North Eastern Province (Kenya), a Somali-inhabited region of Kenya Other uses * Somali, a member of the Somalia Battalion, a pro-Russian military group. * , a British destroyer * Somali cat, a cat breed * Somali, a character in the manga series ''Somali and the Forest Spirit'' * Somali Peninsula, a region of East Africa, also known as 'The Horn of Africa' See also * * * Proto-Somali Proto-Somalis were the ancient people and ancestors of S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohamed Siad Barre
Mohamed Siad Barre ( so, Maxamed Siyaad Barre, Osmanya script: ; ar, محمد سياد بري; c. 1910 – 2 January 1995) was a Somali head of state and general who served as the 3rd president of the Somali Democratic Republic from 1969 to 1991. He was given the childhood nickname ''Afweyne'' roughly referring to extraversion.Tyndall, Christopher R. "Mogadiscio's Unenlightened Pilgrim: Farah's “Links,” Dante's “Inferno,” and the Somali Civil War." comparative literature studies 57.2 (2020): 235-264. Barre, a major general of the gendarmerie by profession, became President of Somalia after the 1969 coup d'état that overthrew the Somali Republic following the assassination of President Abdirashid Ali Shermarke. The Supreme Revolutionary Council military junta under Barre reconstituted Somalia as a one-party Marxist–Leninist communist state, renaming the country the Somali Democratic Republic and adopting scientific socialism, with support from the Soviet Union. Barr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coup D'état
A coup d'état (; French for 'stroke of state'), also known as a coup or overthrow, is a seizure and removal of a government and its powers. Typically, it is an illegal seizure of power by a political faction, politician, cult, rebel group, military, or a dictator. Many scholars consider a coup successful when the usurpers seize and hold power for at least seven days. Etymology The term comes from French ''coup d'État'', literally meaning a 'stroke of state' or 'blow of state'. In French, the word ''État'' () is capitalized when it denotes a sovereign political entity. Although the concept of a coup d'état has featured in politics since antiquity, the phrase is of relatively recent coinage.Julius Caesar's civil war, 5 January 49 BC. It did not appear within an English text before the 19th century except when used in the translation of a French source, there being no simple phrase in English to convey the contextualized idea of a 'knockout blow to the existing administrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east and northeast, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia has a total area of . As of 2022, it is home to around 113.5 million inhabitants, making it the 13th-most populous country in the world and the 2nd-most populous in Africa after Nigeria. The national capital and largest city, Addis Ababa, lies several kilometres west of the East African Rift that splits the country into the African and Somali tectonic plates. Anatomically modern humans emerged from modern-day Ethiopia and set out to the Near East and elsewhere in the Middle Paleolithic period. Southwestern Ethiopia has been proposed as a possible homeland of the Afroasiatic la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eritrea
Eritrea ( ; ti, ኤርትራ, Ertra, ; ar, إرتريا, ʾIritriyā), officially the State of Eritrea, is a country in the Horn of Africa region of Eastern Africa, with its capital and largest city at Asmara. It is bordered by Ethiopia in the south, Sudan in the west, and Djibouti in the southeast. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. The nation has a total area of approximately , and includes the Dahlak Archipelago and several of the Hanish Islands. Human remains found in Eritrea have been dated to 1 million years old and anthropological research indicates that the area may contain significant records related to the evolution of humans. Contemporary Eritrea is a multi-ethnic country with nine recognised ethnic groups. Nine different languages are spoken by the nine recognised ethnic groups, the most widely spoken language being Tigrinya, the others being Tigre, Saho, Kunama, Nara, Afar, Beja, Bilen and A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Di Roma
Banco di Roma was an Italian bank based in Rome, Lazio region. It was established on 9 March 1880. Along with Credito Italiano and Banca Commerciale Italiana they were considered as bank of national interests. In 1991 the bank was merged with Banco di Santo Spirito and Cassa di Risparmio di Roma to form Banca di Roma, a predecessor of Capitalia (which was acquired by UniCredit in 2007). Banco di Roma also owned a reported 30% stake in a Belgian bank in 1989. The Belgian subsidiary, Banco di Roma (Belgio) S.A., was acquired by Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest or second oldest bank ... (MPS) in 1992. Banco di Roma also sold subsidiary Banco di Perugia to Banca Toscana, a subsidiary of MPS in 1990. References Banks established in 1880 Italian companies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merca
Merca ( so, Marka, Maay: ''Marky'', ar, مركة) is a historic port city in the southern Lower Shebelle province of Somalia. It is located approximately to the southwest of the nation's capital Mogadishu. Merca is the traditional home territory of the Bimal clan and was the center of the Bimal Revolt or Merka Revolt.http://www.landinfo.no/asset/2736/1/2736_1.pdf Marka is the traditional home territory of the Dir clan Biimaal (Lewis 2008, p. 5). History Antiquity The city of Essina is believed to have been the predecessor state of Merca. It used to be an ancient Proto-Somali emporium city-state. It is mentioned in the ''Periplus of the Erythraean Sea'', a Greek travel document dating from the first century AD, as one of a series of commercial ports on the Somali littoral. According to the ''Periplus'', maritime trade already connected peoples in the Merca area with other communities along the Somali Sea coast. Medieval Period According to 12th century author Al-Idrisi th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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