Somalia: Barclays to Cut Somalia's Remittance "Lifeline"

Nairobi — By withdrawing banking services from more than 250 money-transfer companies, Britain's Barclays Bank risks severing an essential lifeline for millions of people in Somalia who depend on remittances from relatives in the UK, warn humanitarians, rights activists and academics.

For most of the remittance firms, the move is set to come into effect on 10 July, although an extension of 30 days has been granted to some of the companies.

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