The House of Representatives Concludes the Debate on the Amendment of the Central Bank Law

Mogadishu, Somalia – The members of the House of the People of the Federal Parliament of Somalia have concluded the second reading debate of the draft law amending the Central Bank Law of Somalia and the international judicial cooperation agreements between Somalia and Turkey.

The meeting, which took place at the House of the People headquarters, was part of the 8th session, 22nd meeting, and was chaired by the Speaker of the House of the People, Abdulkadir Mohamed Nur (Jama). The meeting commenced with a quorum of 141 members.

Initially, the members continued the second reading debate of the draft law amending the Central Bank Law of Somalia, Law No. 130, which was issued on April 22, 2012, and prepared by the Ministry of Finance.

The members discussed the provisions of the draft law and its importance to the country.

Additionally, the House of the People also passed the second reading of the agreements between Somalia and Turkey regarding international judicial cooperation, with the members discussing the significance of these agreements for the country.

The Speaker of the House of the People, Abdulkadir Mohamed Nur (Jama), who closed the meeting, stated that the draft law amending the Central Bank Law and the judicial cooperation agreements between Somalia and Turkey have passed the second reading stage.

The Speaker instructed the relevant committees to prepare reports for the third reading and then return them to the House of the People, in order to continue the legislative process and fulfill the constitutional obligations of the Parliament.