Somali central bank chief sacked by president

The president of the Transitional Federal Government of Somalia, Abdullahi Yusuf Ahmad, has fired the governor of the Central Bank of Somalia, BBC Monitoring reported from a report on the Shabeelle Media Network's website.

The report quoted a statement from the governor, Dr Mohamud Mohamed Ulusow, saying the presidential circular issued 24 September 2005 was unconstitutional and ineffective.