Post-conflict central banking

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“How was the Central Bank of Somalia? Marvellous,” says a central banking expert recently returned from an NGO advisory mission in Mogadishu. He reflects a little. “No, let’s say something more intelligent than that. It was impressive to see the decisiveness and dedication with which the management and staff are re-establishing the central bank after 25 years of chaos. Better than that – you can be dedicated and still do some really stupid stuff. But these guys know what they are doing.”

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