Somali groups suspend wire transfers from Minnesota

By REUTERS
December 30, 2011 03:37

A group of businesses providing money transfers between Minnesota and Somalia suspended services Thursday, saying it was forced into the move after a US bank shut down what the group called a vital lifeline to the war-torn African country.

Somalia has appealed the decision by Sunrise Community Banks to end the remittances program from Minnesota, the state that is home to the largest Somali-American community in the United States. US-based Somalis send about $100 million back home each year, according to the US Treasury.


Related Content

Breaking news
May 24, 2018
Germany's Merkel says China and Germany standing by Iran nuclear deal

By REUTERS