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Remittance Cuts a Threat to Somalia’s Food Security

Aid groups say remittances from abroad are key to food security in Somalia, and that an American bank’s recent decision to bar money transfers into the country could have disastrous effects.  The move, apparently required by U.S. anti-terrorism measures, could contribute to making Somalia’s hunger problems even worse. In February, Merchants Bank of California stopped working with Somali remittance companies.  It was the last major U.S. bank that allowed Somalis to send money...

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