Dr. Ali Abdi Amalow, the former governor of Somalia’s Central Bank, who played a critical role in protecting the country’s financial assets during a period of political collapse, has died at the age of 82 in Columbus, Ohio, on Monday.
Amalow, who served as Central Bank governor from 1990 to 1991, is remembered for his leadership during Somalia’s descent into civil war. At a time when the country teetered on the brink of chaos, he made the unprecedented decision to close all bank accounts to prevent the looting of public funds. His actions, though controversial, remain a lasting testament to his commitment to safeguarding the nation’s financial integrity.
The Central Bank of Somalia issued a statement mourning Amalow’s death, extending condolences to his family and the Somali people.
“The Central Bank of Somalia offers its heartfelt condolences to the family, relatives, and the entire Somali nation on the passing of Dr. Ali Abdi Amalow, who served as Governor of the Central Bank from 1990 to 1991,” the statement read.
Dr. Amalow was born in 1942 in the central Somali town of Bulo Burte. He completed his primary education there before securing a scholarship to study in Egypt, where he finished his secondary education in 1955. He returned to Somalia in 1963, only to receive another scholarship, this time from the Somali government, to pursue higher education in the United States. He earned his degree in economics and management from the University of Chicago in Illinois.
His career at the Central Bank spanned decades. Starting at junior levels, Amalow steadily rose through the ranks, holding positions such as Director and General Director before assuming the top post as governor. His tenure was marked by his deep understanding of Somalia’s economy and ability to navigate unprecedented challenges.
Tributes have poured in since news of his death broke. Dr. Abdirahman Dahir Osman, Somalia’s former Minister of Education, praised Amalow’s contributions, calling him “a man of unwavering principle and vision.”
Dr. Amalow is survived by his wife, children, and grandchildren.
