The Ministry of Finance of Somalia has announced that the country's currency will soon be printed

Mogadishu – The Upper House of the Federal Parliament of Somalia held its 11th meeting of the 8th session, the agenda of which was the first reading of the draft law amending the Central Bank Law, Lr. 130/2012, and the second reading of the draft law for the establishment of the Environmental Management Agency.

The meeting was chaired by the Chairman of the Upper House, Cabdi Xaashi Cabdullaahi, accompanied by the Second Deputy Chairman of the Upper House, Cabdullaahi Cali Xersi (Timacadde).

Initially, the Council passed the first reading of the draft law amending the Central Bank Law, Lr. 130/2012, which was submitted by the Ministry of Finance of the Federal Government of Somalia.

The Minister of Finance, Biixi Iimaan Cige, read the report of the draft law to the Senators, providing details on its importance for the development and strengthening of the country's financial system.

On the other hand, the Chairperson of the National Resources Committee of the Upper House, Senator Saynab Ismaaciil Maxamed, shared with the Council the report of the second reading of the draft law for the establishment of the Environmental Management Agency. She provided details on the points that the committee amended and corrected during the review and preparation of the draft law.

Following that, the Senators of the Upper House entered into a discussion on the draft law for the establishment of the Environmental Management Agency, presenting their views and recommendations on the amendments they believe should be made to the provisions of the law, to ensure compliance with the Constitution and the protection of the public interest of the country.

On the other hand, the news headline indicates that the Ministry of Finance has stated that the country's currency will soon be printed, however, the details of the news submitted do not include a direct statement from the minister regarding the currency printing plan.