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Central Bank Of Somalia
The Central Bank of Somalia (CBS) (, ) 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.Central Bank of Somalia - About the Bank


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State Ownership
State ownership, also called public ownership or government ownership, is the ownership of an Industry (economics), industry, asset, property, or Business, enterprise by the national government of a country or State (polity), state, or a public body representing a community, as opposed to an individual or Private property, private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from Public good, public goods and government services financed out of a Government budget, government's general budget. Public ownership can take place at the Central government, national, regional government, regional, local government, 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 ownership, collective/cooperative, and common ownership. In marke ...
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Trust Territory Of Somalia
The Trust Territory of Somaliland, officially the Trust Territory of Somaliland under Italian Administration (), was a United Nations Trust Territory from 1950 to 1960, following the dissolution of the former British Military Administration. It was administered by Italy before gaining independence. It covered most of present-day Somalia and its capital was Mogadishu. Background In 1941, Italian Somaliland was occupied by British and South African troops as part of the East African Campaign of World War II. The British continued to administer the area until 1 April 1950. On that date, former Italian Somaliland was made a Trust Territory, as stipulated by United Nations General Assembly Resolution 289 of 21 November 1949. Return to Italian control The Somali Youth League (the main force in the country driving for independence) fiercely opposed the transfer of Somalia back to Italian control and accused Britain of bartering with the country in order to appease Italy. Of all ...
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Baidoa
Baidoa (, Somali (Af-Maxaa): , ) is the largest city of the South West State of Somalia. Between 2002 and 2014, Baidoa was the capital of the South West State. In 2014, the capital was changed to Barawa. Overview Baydhabo is the main hub of the Somali inter-riverine region and state capital of Bay Region. It was traditionally known as ''Baydhabo Jinaay'' (the heavenly Baydhabo) or ''ll Baydhabo'' (the spring of Baydhabo). The city was founded at the edge of the main highlands known as ''magniafulka'' where the ll springs originate, a prime grazing area. Legend states that a bird pecked the ground with its beak and would signal people to come and discover the pristine land. The shrine of Obo Esherow, the patron Sufi mystic/saint of Baidoa, has been honoured for over four centuries. History Antiquity Baidoa is locted Alta Jubba, itnis capital city6 of alta Jubba, Alta jubbba is consisted Baay, Bakool, Geddo, The border of Alt Jubba, is North east, Beledweyn, Sath Bu'aale East ...
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Banque De Port-Said
Banque Misr () or in English the Bank of Egypt is an Egyptian bank co-founded by industrialist Joseph Cattaui, Joseph Aslan Cattaui Pasha, Joseph Cicurel and economist Talaat Harb, Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960. The bank has branch (banking), branch offices in all of Egypt's Governorates of Egypt, governorates, and Foreign exchange market, currency exchange and work permit offices for foreign workers in Egypt. History The idea of a national bank of Egypt dates to at least the days of Muhammad Ali of Egypt, Muhammad Ali, who ordered the establishment of a bank with 700,000 riyals shortly before he became ill and died. Amin Shumayyil wrote an article in favor of the idea in April 26, 1879 in the newspaper Al-Tijara; although a number of Egyptian dignitaries met to discuss the project, the conflict between the Khedive Isma'il Pasha and the National Assembly and subsequent ʻUrabi revolt doomed the idea this ti ...
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Somali Savings And Credit Bank
Horn of Africa * Somali Peninsula, a region of East Africa, also known as "The Horn of Africa" * Somalis, an inhabitant or ethnicity associated with Greater Somali Region ** Greater Somalia ** Somali language, a Cushitic language ** Somali culture ** Somali cuisine ** Proto-Somali, the ancestors of modern Somalis ** Somali, plural of Somalo, former Somali currency * Somali Plate, a tectonic plate which covers the eastern part of Africa *Somalia, a country in the Horn of Africa * Somaliland, an unrecognised state in the Horn of Africa, recognised internationally as de jure 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'' See also * * * Proto-Somali Proto-Somalis were the ancien ...
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Mohamed Siad Barre
Mohammed Siad Barre (, Osmanya script: , ''Muhammad Ziād Barīy''; 6 October 1919 – 2 January 1995) was a Somali military officer, politician, and revolutionary who served as the third president of Somalia from 21 October 1969 to 26 January 1991. Barre, the commander of the Somali National Army, became president of Somalia after the 1969 coup d'état that overthrew the Somali Republic following the assassination of President Abdirashid Shermarke. The Supreme Revolutionary Council military junta under Barre reconstituted Somalia as a one-party Marxist–Leninist communist state, renamed the country the Somali Democratic Republic and adopted scientific socialism. Barre spoke three languages, English, Somali and Italian. Barre's early rule was characterised by attempts at widespread modernization, nationalization of banks and industry, promotion of cooperative farms, a new writing system for the Somali language, and anti-tribalism. In 1976, the Somali Revolut ...
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Coup D'état
A coup d'état (; ; ), or simply a coup , is typically an illegal and overt attempt by a military organization or other government elites to unseat an incumbent leadership. A self-coup is said to take place when a leader, having come to power through legal means, tries to stay in power through illegal means. By one estimate, there were 457 coup attempts from 1950 to 2010, half of which were successful. Most coup attempts occurred in the mid-1960s, but there were also large numbers of coup attempts in the mid-1970s and the early 1990s. Coups occurring in the post-Cold War period have been more likely to result in democratic systems than Cold War coups, though coups still mostly perpetuate authoritarianism. Many factors may lead to the occurrence of a coup, as well as determine the success or failure of a coup. Once a coup is underway, coup success is driven by coup-makers' ability to get others to believe that the coup attempt will be successful. The number of successful cou ...
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Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. 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 ...
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Cassa Per La Circolazione Monetaria Della Somali
Cassa may refer to: * Federico Cassa, (born 2006), Italian professional footballer * Cassa Hotel & Residences Cassa Hotel & Residences is a 48-story building at 70 West 45th Street in Midtown Manhattan in New York City. It was designed by TEN Arquitectos headed by Mexican architect Enrique Norten in collaboration with the American design firm CetraRu ..., building in Midtown Manhattan in New York City, United States See also * Casa (other) {{disambig ...
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Ethiopia
Ethiopia, officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia covers a land area of . , it has around 128 million inhabitants, making it the List of countries and dependencies by population, thirteenth-most populous country in the world, the List of African countries by population, second-most populous in Africa after Nigeria, and the most populous landlocked country on Earth. The national capital and largest city, Addis Ababa, lies several kilometres west of the East African Rift that splits the country into the African Plate, African and Somali Plate, Somali tectonic plates. Early modern human, Anatomically modern humans emerged from modern-day Ethiopia and set out for the Near East and elsewhere in the Middle Paleolithi ...
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Eritrea
Eritrea, officially the State of Eritrea, is a country in the Horn of Africa region of East Africa, with its capital and largest city being Asmara. It is bordered by Ethiopia in the Eritrea–Ethiopia border, 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. Hominid 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. The Kingdom of Aksum, covering much of modern-day Eritrea and Tigray Region, northern Ethiopia, was established during the first or second century AD.Henze, Paul B. (2005) ''Layers of Time: A History of Ethiopia'', . It adopted Eritrean Orthodox Church, Christianity around the middle of the fourth century. Beginning in ...
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Banco Di Roma
Banco di Roma was an Italian bank based in Rome, established on 9 March 1880. In the early 20th century, it was one of Italy's four dominant universal banks, together with Banca Commerciale Italiana, Credito Italiano, and Società Bancaria Italiana. It developed a significant network throughout the Eastern Mediterranean and Italian Africa. In 1992 it eventually merged with the Banco di Santo Spirito and altered its name to Banca di Roma, later part of UniCredit. Overview Banco di Roma opened branches in Alexandria in 1905, Cairo and Malta in 1906, Tripoli and Benghazi in 1907, and Constantinople in 1911. It expanded further in the Middle East, in Jerusalem before the end of World War I then in 1919 in Istanbul, Smyrna, Beirut, Aleppo, Tripoli, İskenderun, Mersin, Adana, Jaffa, and Haifa. In 1920, it formed a new affiliate, , which took over the operations in Egypt, Palestine, Lebanon and Syria. In 1924, the Egyptian business was spun off as , in which the Banca Nazionale ...
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