Somalia's Parliament Debates Central Bank Bill Amendments, Including Islamic Finance and Independence

Somalia's House of the People has completed the second reading of a bill to amend the Central Bank law, sparking debate among lawmakers. Key concerns raised include the removal of explicit requirements for Islamic banking principles, the safeguarding of the Central Bank's independence, and provisions related to exchange rates and the reintroduction of Somali shilling banknotes. The parliamentary committee will consider these issues further for the third reading.