MONETARY AND EXCHANGE RATE POLICIES 1960-2001

About the Book

Much has been written about Somalia in the last fourteen years; about its history, politics, civil war, famine, clans, warlords, the failure of the U.S. intervention, but little has been written about the monetary aspect of the Somali crisis.  The author, a former director general of Central Bank of Somalia, contends that it was the currency chaos that contributed to the fall of the Somali government in 1991, and that still keeps the civil war going on in the country.  He provides some insight into the past monetary experience of Somalia and offers a straightforward solution: take the privilege of printing money away from the hands of the Somali political leaders, and then you will have stability in the country.

About the Author

Mohamed Dalmar Abdurahman was born in Garowe, Somalia. He attended the Elementary School of Garowe and completed his intermediate and secondary education in Mogadishu.

He joined the Central Bank of Somalia in 1963. He served in many departments of the bank until he rose to the position of director general in 1989. He was a lecturer at the Somali National University, Faculty of Economics from 1981 to 1990 and taught Economic and Financial Policy to undergraduate students.

Mr. Abdurahman has B. A. (economics) from the Somali National University and MPA from the Somali National University and State University of New York at Albany. Currently, he resides in Ottawa, Canada.