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Central Bank of Somalia

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181:. Somalia has struggled to reestablish a functioning state since the collapse of an authoritarian regime in 1991. Somalia has been cited as a real-world example of an anarchist stateless society and a country with no formal legal system. The Transitional Federal Government, formed in 2004, was recognized as the central government of Somalia. Among other duties, it is in charge of ensuring financial stability, maintaining the internal and external value of the local currency, and promoting credit and exchange conditions that facilitate the balanced growth of the national economy. Within the scope of its powers, it also contributes to the financial and economic policies of the State. 142: 2879: 784: 3512: 3522: 798: 36: 736:, Qaran Express, Mustaqbal, Amal Express, Kaah Express, Hodan Global, Olympic, Amana Express, Iftin Express and Tawakal Express. Most are credentialed members of the Somali Money Transfer Association (SOMTA), an umbrella organization that regulates the community's money transfer sector, or its predecessor, the Somali Financial Services Association (SFSA). 710:
Although Somalia has had no central monetary authority for upwards of 15 years between the outbreak of the civil war in 1991 and the subsequent re-establishment of the Central Bank of Somalia in 2009, the nation's payment system is actually fairly advanced due primarily to the widespread existence of
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notwithstanding, the large issuance of the Somali shilling has increasingly fueled price hikes, especially for low value transactions. This inflationary environment, however, is expected to come to an end as soon as the Central Bank assumes full control of monetary policy and replaces the presently
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The Bank exercise any type of central banking function and shall enjoy all the prerogatives of a Central Bank, and without prejudice to the generality of the foregoing shall in particular have the power to issue currency, regulate the banking and credit system, and manage the external reserves of
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As the reconstituted Central Bank of Somalia fully assumes its monetary policy responsibilities, some of the existing money transfer companies are expected in the near future to seek licenses so as to develop into full-fledged commercial banks. This will serve to broaden the scope of the national
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On 8 February 1975, the government renamed the Banca Nazionale Somala to the Central Bank of Somalia (Bankiga Dhexe ee Soomaaliya). It also merged the Somali Commercial Bank and Somali Savings and Credit Bank (Cassa di Risparmio e Credito della Somalia) to form the Commercial and Savings Bank of
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The Governor serves as Chair of the Board and is the Bank's Chief Executive Officer. He or she reports to and is a member of the Board of Directors. The Director General deputies for the Governor, and also assumes the role of the Bank's Chief Operations Officer.
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was appointed on an interim basis as Somalia's Central Bank Governor, following the resignation of his predecessor Abrar earlier in the month. In April 2014, the federal Cabinet approved Isse as the new permanent Central Bank Governor.
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re-opened the Central Bank of Somalia in Mogadishu as part of its campaign to restore national institutions. The Bank had an additional branch in Baidoa that was already operational with personnel in place.
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Somalia, which was at the time the only bank in the country. In 1990 the Commercial and Savings Bank of Somalia discontinued operations. At some point the Central Bank of Somalia too ceased functioning.
301:'s civilian government merged the Somali Credit Bank (Credito Somalo) with the Banca Nazionale Somala. The earlier trusteeship administration had established the Somali Credit Bank in 1954 in the 752:
The financial institution Decree Law No. 37 of November 23, 1989 mandates the Central Bank of Somalia to oversee domestic financial institutions through the CBS' banking supervision department.
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had two branches; one in Mogadishu and another in Merca. Banco di Napoli had one in Mogadishu. Both Banco di Roma and Banco di Napoli also had branches in other parts of the region, in
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In terms of financial management, the newly revived Central Bank of Somalia is in the process of assuming the task of both formulating and implementing monetary policy.
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payments system to include formal cheques, which in turn is expected to reinforce the effectiveness of the use of monetary policy in domestic
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Chapter II, Art. 2, Section (2) of the Central Bank of Somalia Act stipulates that the functions of the Bank are as follows:
332:, leaving the Banca Nazionale Somala with only central banking functions. The Somali Savings and Credit Bank had branches in 3240: 1767: 894: 2996: 2950: 2834: 2279: 1462: 1211: 1250: 993: 3576: 3314: 2477: 1700: 1021: 1150: 2698: 2604: 2238: 1422: 948: 921: 2103: 1851: 2817: 2368: 2325: 1856: 1482: 831: 384: 728:) have become a large industry in Somalia, with an estimated US$ 1.6 billion annually remitted to the region by 372:. The Somali Savings and Credit Bank had been established with the technical assistance and aid provided by the 2933: 2796: 2508: 2330: 2232: 1457: 373: 3566: 3551: 3250: 3235: 3191: 3099: 2967: 2786: 2254: 1956: 255:
In 1940, there were five local bank branches in Italian Somaliland. Banca d'Italia had three: in Mogadishu,
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Putting the cart before the horse: contested nationalism and the crisis of the nation-state in Somalia
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was named the new Governor of the Central Bank of Somalia. A former Vice-President at
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Promoting a sound credit and payments system both internationally and internally.
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In accordance with the Central Bank Act, the organs of the Bank are as follows:
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in the context of an overall cooperation policy of the European savings banks.
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in 1960. After the union, National and Grindlays opened a branch in Mogadishu.
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The Central Bank of Somalia's functions are divided into nine departments:
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is widely accepted as a medium of exchange alongside the Somali shilling.
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On 1 July 1960, the newly independent Somali Republic established the
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to take over the commercial branches of Banca Nazionale Somala and
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in the diaspora via money transfer companies. The latter include
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Maryan Abdullahi Yusuf – Deputy Governor and Deputy Chairman
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International Centre for Settlement of Investment Disputes
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Owing to a lack of confidence in the local currency, the
290:. The new bank combined central banking activities with 1331:. Tower Hamlets Recorder. 13 April 2007. Archived from 702:
circulating currency introduced by the private sector.
979:, Journal des Caisses d'Epargne, Vol. 107, n. 5, 1988. 220:(NBI), which later merged with Grindlays Bank to form 2590:
International Bank for Reconstruction and Development
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The Central Bank of Somalia's medium and longer-term
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Somali government appoints new central bank governor
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and Vice-President of Credit Risk Management at the
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Convenzione italo-somala per una Cassa di Risparmio
1132:Central Bank of Somalia - Organizational structure 755:Financial institutions supervised by the CBS are: 1390:, Foreword by Arnaldo Mauri, Laterza, Bari, 1999. 1098:"Somalia: Acting Boss named to head Central Bank" 936: 857:"The Organisation and Structure of Central Banks" 3538: 483: 284:Cassa per la Circolazione Monetaria della Somali 1198:"Somalia's central bank chief gets second term" 2422:(dependent) territories, former countries, or 1178: 1176: 1174: 1172: 2679: 2643:Central banks and currencies of the Caribbean 2448: 1430: 1357:Central Bank of Somalia - Banking supervision 2653:Central banks and currencies of the Americas 2638:Central banks and currencies of Asia-Pacific 1444: 1259: 940:Huddur & the history of Southern Somalia 248:(the former Italian Somaliland) to form the 197:. This was the first banking institution in 1169: 1060: 664:Maintaining and enhancing the value of the 415: 244:(the former British Somaliland) joined the 2686: 2672: 2455: 2441: 1437: 1423: 1352: 1350: 909: 657:Formulating and implementing monetary and 1410:Arab Bankers Association of North America 1321: 1248:Central Bank of Somalia - Monetary policy 1243: 1241: 1239: 1237: 1153:. Central Bank of Somalia. Archived from 1127: 1125: 1123: 1090: 1030: 515:Abdirashid Mohamed Siraaji – Board Member 2829:Ethiopian intervention (2006–2009) 2610:Multilateral Investment Guarantee Agency 1019:Central Bank of Somalia - Payment system 1014: 1012: 1010: 990:"AfDB approves a $ 2m grant for Somalia" 943:. Nahda Bookshop Publisher. p. 68. 892:Central Bank of Somalia - About the Bank 864:Katalog der Deutschen Nationalbibliothek 674:Harmonizing and coordinating government 412:was also named his new Deputy Governor. 140: 1347: 854: 3539: 2648:Central banks and currencies of Europe 2633:Central banks and currencies of Africa 2483:Basel Committee on Banking Supervision 1234: 1143: 1120: 930: 848: 747: 576:In abeyance, January 1991 - March 2001 2667: 2600:International Development Association 2436: 1418: 1290: 1007: 903: 488: 452:Banking Operations and Payment System 2693: 1212:"Welcome to Central Bank of Somalia" 885: 512:Maye Mohamed Shekhuna – Board Member 1044:. 13 September 2013. Archived from 982: 509:Omar Ibrahim Hussein – Board Member 170: 13: 2478:Bank for International Settlements 1074:. 27 November 2013. Archived from 622: 145:Central Bank of Somalia, Mogadishu 14: 3588: 2605:International Finance Corporation 2462: 1394: 705: 493:The Board of Directors includes: 3520: 3511: 3510: 2877: 977:Favoriser l'èpargne dans les PVD 796: 782: 671:Maintaining financial stability. 606:, September 2013 – November 2013 506:Yusuf Mohamed Ali – Board Member 34: 2797:Somaliland War of Independence 2424:states with limited recognition 1204: 1190: 1104:. 24 April 2014. Archived from 832:List of central banks of Africa 600:, January 2013 - September 2013 561:, ? - 1987 - 1988 - ? 385:Transitional Federal Government 3572:1960 establishments in Somalia 2509:Contractionary monetary policy 1379:Banking Development in Somalia 1298:"UK Somali Remittances Survey" 969: 957: 916:. Red Sea Press. p. 179. 870: 771:Money transfer operators (MTO) 594:, ? - 2012 - January 2013 518:Hodan Said Isse – Board Member 470:Information Technology Systems 443: 374:Associazione Bancaria Italiana 326:Somali Savings and Credit Bank 1: 2787:Trust Territory of Somaliland 1371: 641: 484:Management and administration 2514:Expansionary monetary policy 966:, Il Tempo, March 5th, 1971. 627: 612:, November 2013 - April 2019 549:, March 1970 - 1977 - ? 531:, ? - 1962 - March 1964 522: 432:Governor and Deputy Governor 401:American International Group 286:and the Mogadishu branch of 211:Cassa di Risparmio di Torino 209:. (Banco di Napoli replaced 7: 2580:International Monetary Fund 1388:La Banca d'Italia in Africa 1277:Central Intelligence Agency 876:Hardie, Dan (9 April 2019) 775: 685: 582:, March 2001 - October 2005 498:Mr. Abdirahman M. Abdullahi 222:National and Grindlays Bank 163:Bankiga Dhexe ee Soomaaliya 90:Mr. Abdirahman M. Abdullahi 29:Bankiga Dhexe ee Soomaaliya 16:State-owned bank in Somalia 10: 3593: 937:Salah Mohamed Ali (2005). 303:Trust Territory of Somalia 246:Trust Territory of Somalia 224:, established branches in 184: 21:Central Bank of Somaliland 18: 3577:Banks established in 1960 3506: 3439: 3369: 3360: 3290: 3281: 3167: 3163: 3154: 3098: 2995: 2899: 2895: 2886: 2875: 2847: 2714: 2705: 2620: 2568: 2527: 2496: 2488:Financial Stability Board 2470: 2412: 2344: 2293: 2188: 1922: 1678: 1450: 420: 205:established a branch in 189:On 15 November 1920, the 121: 105: 96:Central bank of 95: 85: 74: 56: 42: 33: 2228:Curaçao and Sint Maarten 1445:Central banks by country 842: 827:List of banks in Somalia 713:money transfer operators 567:, ? - 1989 - ? 455:Accounting & Finance 416:Organizational structure 19:Not to be confused with 2747:Sultanate of the Geledi 678:with monetary policies. 616:Abdirahman M. Abdullahi 580:Mahmamud Mohamed Ulusow 573:, October 1990 - ? 500:– Governor and Chairman 473:Administration Services 151:Central Bank of Somalia 27:Central Bank of Somalia 1972:Bosnia and Herzegovina 1458:Central African States 1362:June 27, 2010, at the 1216:www.centralbank.gov.so 1137:June 27, 2010, at the 897:June 27, 2010, at the 639: 618:, April 2019 – present 410:Maryan Abdullahi Yusuf 280:Banca Nazionale Somala 218:National Bank of India 171:البنك المركزي الصومالي 162: 146: 62:; 64 years ago 2628:List of central banks 2560:Sovereign wealth fund 2555:Open market operation 1608:São Tomé and Príncipe 1381:, SSRN 958442 (1971). 855:Weidner, Jan (2017). 837:List of central banks 634: 541:Abdullahi Ahmed Addow 368:, and for a while in 144: 3567:Economy of Mogadishu 3552:Companies of Somalia 2836:(2009–present) 2767:Warsangali Sultanate 2757:Majeerteen Sultanate 1151:"Board of Directors" 547:Abdurahman Nur Herzi 308:After the bloodless 2504:Capital requirement 2280:Trinidad and Tobago 1463:West African States 1222:on 25 November 2015 910:Abdi Kusow (2004). 762:Credit institutions 748:Banking supervision 565:Mahmud Muhommad Nur 543:, 1968 - March 1970 537:, March 1964 - 1968 476:Currency department 391:In September 2013, 330:Banque de Port-Said 242:State of Somaliland 193:opened a branch in 30: 3547:Economy of Somalia 3138:South West Somalia 2782:British Somaliland 2777:Italian Somaliland 2762:Sultanate of Hobyo 2245:Dominican Republic 1386:Tuccimei, Ercole, 1253:2009-01-25 at the 1200:. 28 January 2005. 1048:on 2 December 2013 1024:2010-06-27 at the 817:Economy of Somalia 592:Abdullahi Jama Ali 553:Mohamud Jama Ahmed 489:Board of directors 429:Board of Directors 314:Mohamed Siad Barre 292:commercial banking 234:British Somaliland 199:Italian Somaliland 175:monetary authority 147: 26: 3534: 3533: 3502: 3501: 3356: 3355: 3277: 3276: 3273: 3272: 3241:Political parties 3231:Political history 3187:Foreign relations 3150: 3149: 3146: 3145: 2924:Guardafui Channel 2873: 2872: 2812:(1986–1992) 2799:(1981–1991) 2661: 2660: 2430: 2429: 2233:Eastern Caribbean 604:Yussur A.F. Abrar 598:Abdusalam H. Omer 529:Abdi Aden Mohamed 461:Economic Research 393:Yussur A.F. Abrar 312:of 1969 that saw 139: 138: 60:30 June 1960 3584: 3562:Banks of Somalia 3524: 3514: 3513: 3367: 3366: 3333: 3320:Mineral industry 3310:Economic history 3288: 3287: 3221: 3165: 3164: 3161: 3160: 2897: 2896: 2893: 2892: 2881: 2837: 2830: 2813: 2800: 2772:Dervish movement 2732:Walashma dynasty 2712: 2711: 2688: 2681: 2674: 2665: 2664: 2585:World Bank Group 2457: 2450: 2443: 2434: 2433: 2316:Papua New Guinea 1439: 1432: 1425: 1416: 1415: 1406: 1405: 1403:Official website 1377:Mauri, Arnaldo, 1366: 1354: 1345: 1344: 1342: 1340: 1325: 1319: 1318: 1316: 1315: 1309: 1303:. Archived from 1302: 1294: 1288: 1287: 1285: 1284: 1263: 1257: 1245: 1232: 1231: 1229: 1227: 1218:. Archived from 1208: 1202: 1201: 1194: 1188: 1187: 1180: 1167: 1166: 1164: 1162: 1147: 1141: 1129: 1118: 1117: 1115: 1113: 1108:on 26 April 2014 1094: 1088: 1087: 1085: 1083: 1064: 1058: 1057: 1055: 1053: 1034: 1028: 1016: 1005: 1004: 1002: 1001: 992:. Archived from 986: 980: 973: 967: 961: 955: 954: 934: 928: 927: 907: 901: 889: 883: 874: 868: 867: 861: 852: 806: 801: 800: 799: 792: 787: 786: 785: 759:Commercial banks 654:Price stability. 650:objectives are: 535:Abdi Haji Abicar 435:Director General 172: 135: 132: 130: 128: 70: 68: 63: 38: 31: 25: 3592: 3591: 3587: 3586: 3585: 3583: 3582: 3581: 3537: 3536: 3535: 3530: 3498: 3435: 3426:Public holidays 3352: 3331: 3269: 3215: 3142: 3094: 3090:Woqooyi Galbeed 3075:Middle Shebelle 2991: 2951:Mountain ranges 2919:Greater Somalia 2882: 2869: 2843: 2835: 2828: 2811: 2798: 2752:Isaaq Sultanate 2701: 2692: 2662: 2657: 2616: 2571: 2564: 2535:Capital control 2523: 2492: 2466: 2461: 2431: 2426: 2408: 2346: 2340: 2326:Solomon Islands 2289: 2190: 2184: 2110:Northern Cyprus 2104:North Macedonia 1918: 1674: 1446: 1443: 1401: 1400: 1397: 1374: 1369: 1364:Wayback Machine 1355: 1348: 1338: 1336: 1327: 1326: 1322: 1313: 1311: 1307: 1300: 1296: 1295: 1291: 1282: 1280: 1265: 1264: 1260: 1255:Wayback Machine 1246: 1235: 1225: 1223: 1210: 1209: 1205: 1196: 1195: 1191: 1182: 1181: 1170: 1160: 1158: 1149: 1148: 1144: 1139:Wayback Machine 1130: 1121: 1111: 1109: 1096: 1095: 1091: 1081: 1079: 1066: 1065: 1061: 1051: 1049: 1036: 1035: 1031: 1026:Wayback Machine 1017: 1008: 999: 997: 988: 987: 983: 975:Arnaldo Mauri, 974: 970: 962: 958: 951: 935: 931: 924: 908: 904: 899:Wayback Machine 890: 886: 881:Central Banking 875: 871: 859: 853: 849: 845: 812:Somali shilling 802: 797: 795: 788: 783: 781: 778: 750: 708: 688: 676:fiscal policies 666:Somali shilling 648:monetary policy 644: 630: 625: 623:Monetary policy 571:Ali Abdi Amalow 559:Omar Ahmed Omar 525: 491: 486: 467:Human Resources 446: 423: 418: 322:Banco di Napoli 299:Somali Republic 250:Somali Republic 203:Banco di Napoli 201:. Then in 1938 187: 125: 112: 110:Somali shilling 80:state ownership 66: 64: 61: 28: 24: 17: 12: 11: 5: 3590: 3580: 3579: 3574: 3569: 3564: 3559: 3554: 3549: 3532: 3531: 3529: 3528: 3518: 3507: 3504: 3503: 3500: 3499: 3497: 3496: 3491: 3486: 3481: 3476: 3471: 3466: 3461: 3456: 3451: 3445: 3443: 3437: 3436: 3434: 3433: 3428: 3423: 3418: 3413: 3412: 3411: 3401: 3396: 3391: 3386: 3381: 3379:Child marriage 3376: 3370: 3364: 3358: 3357: 3354: 3353: 3351: 3350: 3348:Transportation 3345: 3340: 3338:Communications 3335: 3327: 3322: 3317: 3312: 3307: 3302: 3297: 3291: 3285: 3279: 3278: 3275: 3274: 3271: 3270: 3268: 3267: 3266: 3265: 3258:Prime Minister 3255: 3254: 3253: 3243: 3238: 3233: 3228: 3223: 3211: 3206: 3205: 3204: 3194: 3189: 3184: 3179: 3174: 3168: 3158: 3152: 3151: 3148: 3147: 3144: 3143: 3141: 3140: 3135: 3130: 3125: 3120: 3115: 3110: 3104: 3102: 3096: 3095: 3093: 3092: 3087: 3082: 3080:Lower Shebelle 3077: 3072: 3067: 3062: 3057: 3052: 3047: 3042: 3037: 3032: 3027: 3022: 3017: 3012: 3007: 3001: 2999: 2993: 2992: 2990: 2989: 2988: 2987: 2985:Bajuni Islands 2977: 2976: 2975: 2965: 2964: 2963: 2958: 2948: 2947: 2946: 2941: 2931: 2926: 2921: 2916: 2911: 2906: 2900: 2890: 2884: 2883: 2876: 2874: 2871: 2870: 2868: 2867: 2862: 2857: 2851: 2849: 2845: 2844: 2842: 2841: 2840: 2839: 2832: 2820: 2815: 2807: 2805:Isaaq genocide 2802: 2794: 2789: 2784: 2779: 2774: 2769: 2764: 2759: 2754: 2749: 2744: 2739: 2737:Adal Sultanate 2734: 2729: 2724: 2718: 2716: 2709: 2703: 2702: 2691: 2690: 2683: 2676: 2668: 2659: 2658: 2656: 2655: 2650: 2645: 2640: 2635: 2630: 2624: 2622: 2618: 2617: 2615: 2614: 2613: 2612: 2607: 2602: 2597: 2592: 2582: 2576: 2574: 2566: 2565: 2563: 2562: 2557: 2552: 2550:Money creation 2547: 2545:Interest rates 2542: 2537: 2531: 2529: 2528:Implementation 2525: 2524: 2522: 2521: 2516: 2511: 2506: 2500: 2498: 2494: 2493: 2491: 2490: 2485: 2480: 2474: 2472: 2468: 2467: 2460: 2459: 2452: 2445: 2437: 2428: 2427: 2413: 2410: 2409: 2407: 2406: 2401: 2396: 2391: 2386: 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1632: 1625: 1620: 1615: 1610: 1605: 1600: 1595: 1590: 1585: 1580: 1575: 1570: 1565: 1560: 1555: 1550: 1545: 1540: 1535: 1530: 1525: 1520: 1515: 1510: 1505: 1500: 1495: 1490: 1485: 1480: 1475: 1470: 1465: 1460: 1454: 1452: 1448: 1447: 1442: 1441: 1434: 1427: 1419: 1413: 1412: 1407: 1396: 1395:External links 1393: 1392: 1391: 1384: 1373: 1370: 1368: 1367: 1346: 1335:on 11 May 2011 1320: 1289: 1272:World Factbook 1258: 1233: 1203: 1189: 1168: 1157:on 18 May 2015 1142: 1119: 1089: 1059: 1029: 1006: 981: 968: 956: 949: 929: 922: 902: 884: 869: 846: 844: 841: 840: 839: 834: 829: 824: 819: 814: 808: 807: 804:Somalia portal 793: 777: 774: 773: 772: 769: 763: 760: 749: 746: 707: 706:Payment system 704: 687: 684: 683: 682: 679: 672: 669: 662: 655: 643: 640: 629: 626: 624: 621: 620: 619: 613: 607: 601: 595: 589: 583: 577: 574: 568: 562: 556: 550: 544: 538: 532: 524: 521: 520: 519: 516: 513: 510: 507: 504: 501: 490: 487: 485: 482: 481: 480: 479:Legal Services 477: 474: 471: 468: 465: 462: 459: 458:Internal Audit 456: 453: 445: 442: 437: 436: 433: 430: 422: 419: 417: 414: 288:Banca d'Italia 191:Banca d'Italia 186: 183: 137: 136: 123: 119: 118: 107: 103: 102: 97: 93: 92: 87: 83: 82: 76: 72: 71: 58: 54: 53: 44: 40: 39: 15: 9: 6: 4: 3: 2: 3589: 3578: 3575: 3573: 3570: 3568: 3565: 3563: 3560: 3558: 3557:Central banks 3555: 3553: 3550: 3548: 3545: 3544: 3542: 3527: 3523: 3519: 3517: 3509: 3508: 3505: 3495: 3492: 3490: 3487: 3485: 3482: 3480: 3477: 3475: 3472: 3470: 3467: 3465: 3462: 3460: 3457: 3455: 3452: 3450: 3447: 3446: 3444: 3442: 3438: 3432: 3429: 3427: 3424: 3422: 3419: 3417: 3414: 3410: 3409:Mental health 3407: 3406: 3405: 3402: 3400: 3397: 3395: 3392: 3390: 3387: 3385: 3382: 3380: 3377: 3375: 3372: 3371: 3368: 3365: 3363: 3359: 3349: 3346: 3344: 3341: 3339: 3336: 3334: 3328: 3326: 3323: 3321: 3318: 3316: 3313: 3311: 3308: 3306: 3303: 3301: 3298: 3296: 3293: 3292: 3289: 3286: 3284: 3280: 3264: 3261: 3260: 3259: 3256: 3252: 3249: 3248: 3247: 3244: 3242: 3239: 3237: 3234: 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2765: 2763: 2760: 2758: 2755: 2753: 2750: 2748: 2745: 2743: 2742:Ajuran Empire 2740: 2738: 2735: 2733: 2730: 2728: 2725: 2723: 2720: 2719: 2717: 2713: 2710: 2708: 2704: 2700: 2696: 2689: 2684: 2682: 2677: 2675: 2670: 2669: 2666: 2654: 2651: 2649: 2646: 2644: 2641: 2639: 2636: 2634: 2631: 2629: 2626: 2625: 2623: 2619: 2611: 2608: 2606: 2603: 2601: 2598: 2596: 2593: 2591: 2588: 2587: 2586: 2583: 2581: 2578: 2577: 2575: 2573: 2570:Bretton Woods 2567: 2561: 2558: 2556: 2553: 2551: 2548: 2546: 2543: 2541: 2540:Discount rate 2538: 2536: 2533: 2532: 2530: 2526: 2520: 2519:Basel Accords 2517: 2515: 2512: 2510: 2507: 2505: 2502: 2501: 2499: 2495: 2489: 2486: 2484: 2481: 2479: 2476: 2475: 2473: 2469: 2465: 2464:Central banks 2458: 2453: 2451: 2446: 2444: 2439: 2438: 2435: 2425: 2421: 2420:non-sovereign 2417: 2411: 2405: 2402: 2400: 2397: 2395: 2392: 2390: 2387: 2385: 2382: 2380: 2377: 2375: 2372: 2370: 2367: 2365: 2362: 2360: 2357: 2355: 2352: 2351: 2349: 2343: 2337: 2334: 2332: 2329: 2327: 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1907: 1905: 1902: 1900: 1897: 1895: 1892: 1890: 1887: 1885: 1882: 1880: 1877: 1875: 1874: 1870: 1868: 1865: 1863: 1860: 1858: 1855: 1853: 1850: 1848: 1845: 1843: 1840: 1838: 1837: 1833: 1831: 1828: 1826: 1823: 1821: 1818: 1816: 1813: 1811: 1808: 1806: 1803: 1801: 1798: 1796: 1795: 1791: 1789: 1786: 1784: 1781: 1779: 1776: 1774: 1771: 1769: 1766: 1764: 1761: 1759: 1756: 1754: 1751: 1749: 1746: 1744: 1741: 1739: 1736: 1734: 1731: 1729: 1726: 1724: 1723: 1719: 1717: 1714: 1712: 1709: 1707: 1704: 1702: 1699: 1697: 1694: 1692: 1689: 1687: 1684: 1683: 1681: 1677: 1671: 1668: 1666: 1663: 1661: 1658: 1656: 1653: 1651: 1648: 1646: 1643: 1641: 1638: 1636: 1633: 1631: 1630: 1626: 1624: 1621: 1619: 1616: 1614: 1611: 1609: 1606: 1604: 1601: 1599: 1596: 1594: 1591: 1589: 1586: 1584: 1581: 1579: 1576: 1574: 1571: 1569: 1566: 1564: 1561: 1559: 1556: 1554: 1551: 1549: 1546: 1544: 1541: 1539: 1536: 1534: 1531: 1529: 1526: 1524: 1521: 1519: 1516: 1514: 1511: 1509: 1506: 1504: 1501: 1499: 1496: 1494: 1491: 1489: 1486: 1484: 1481: 1479: 1476: 1474: 1471: 1469: 1466: 1464: 1461: 1459: 1456: 1455: 1453: 1449: 1440: 1435: 1433: 1428: 1426: 1421: 1420: 1417: 1411: 1408: 1404: 1399: 1398: 1389: 1385: 1383: 1380: 1376: 1375: 1365: 1361: 1358: 1353: 1351: 1334: 1330: 1324: 1310:on 2021-02-24 1306: 1299: 1293: 1278: 1274: 1273: 1268: 1262: 1256: 1252: 1249: 1244: 1242: 1240: 1238: 1221: 1217: 1213: 1207: 1199: 1193: 1185: 1179: 1177: 1175: 1173: 1156: 1152: 1146: 1140: 1136: 1133: 1128: 1126: 1124: 1107: 1103: 1102:Garowe Online 1099: 1093: 1078:on 2013-12-02 1077: 1073: 1069: 1063: 1047: 1043: 1039: 1033: 1027: 1023: 1020: 1015: 1013: 1011: 996:on 2010-11-19 995: 991: 985: 978: 972: 965: 960: 952: 950:9789772004997 946: 942: 941: 933: 925: 923:9781569022023 919: 915: 914: 906: 900: 896: 893: 888: 882: 879: 873: 865: 858: 851: 847: 838: 835: 833: 830: 828: 825: 823: 820: 818: 815: 813: 810: 809: 805: 794: 791: 780: 770: 767: 764: 761: 758: 757: 756: 753: 745: 743: 742:macroeconomic 737: 735: 731: 727: 726: 721: 716: 714: 703: 700: 699:Dollarization 696: 691: 680: 677: 673: 670: 667: 663: 660: 659:exchange rate 656: 653: 652: 651: 649: 638: 637:the Republic. 633: 617: 614: 611: 608: 605: 602: 599: 596: 593: 590: 588:, 2006 - 2010 587: 584: 581: 578: 575: 572: 569: 566: 563: 560: 557: 555:, 1978 - 1983 554: 551: 548: 545: 542: 539: 536: 533: 530: 527: 526: 517: 514: 511: 508: 505: 502: 499: 496: 495: 494: 478: 475: 472: 469: 466: 463: 460: 457: 454: 451: 450: 449: 441: 434: 431: 428: 427: 426: 413: 411: 406: 402: 398: 394: 389: 386: 383:In 2009, the 381: 377: 375: 371: 367: 363: 359: 355: 351: 347: 343: 339: 335: 331: 327: 323: 319: 318:Banco di Roma 315: 311: 306: 304: 300: 297:In 1968, the 295: 293: 289: 285: 281: 276: 274: 270: 266: 265:Banco di Roma 262: 258: 253: 251: 247: 243: 239: 235: 231: 227: 223: 219: 214: 212: 208: 204: 200: 196: 192: 182: 180: 176: 168: 164: 160: 156: 152: 143: 134: 124: 120: 116: 111: 108: 104: 101: 98: 94: 91: 88: 84: 81: 77: 73: 59: 55: 52: 48: 45: 41: 37: 32: 22: 3449:Architecture 3389:Demographics 3384:Coat of arms 3325:Oil industry 3300:Central Bank 3299: 3217: 3197:Human rights 3177:Constitution 2727:Land of Punt 2415: 2237: 2137:Soviet Union 2135: 2108: 2056: 1934: 1894:Turkmenistan 1871: 1852:Saudi Arabia 1834: 1792: 1720: 1635:South Africa 1627: 1622: 1618:Sierra Leone 1387: 1378: 1337:. 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1768:Kyrgyzstan 1763:Kazakhstan 1696:Bangladesh 1629:Somaliland 1613:Seychelles 1588:Mozambique 1573:Mauritania 1563:Madagascar 1488:Cape Verde 1372:References 1314:2010-07-28 1283:2009-05-31 1226:12 January 1000:2010-07-19 822:Arab Banks 734:Dahabshiil 720:remittance 642:Objectives 338:Beledweyne 238:Somaliland 113:SOS ( 67:1960-06-30 3494:Languages 3399:Education 3330:Shilling 3305:Companies 3246:President 3209:Judiciary 3182:Elections 3030:Galguduud 2968:Mountains 2956:Cal Madow 2888:Geography 2823:Civil War 2722:Laas Geel 2418:indicate 2414:Names in 2404:Venezuela 2354:Argentina 2301:Australia 2275:Nicaragua 2250:Guatemala 2069:Lithuania 1862:Sri Lanka 1857:Singapore 1836:Palestine 1722:Hong Kong 1578:Mauritius 1267:"Somalia" 1072:Raxanreeb 1042:Keydmedia 695:US dollar 661:policies. 628:Framework 523:Governors 397:Citigroup 216:In 1952, 207:Mogadishu 195:Mogadishu 173:) is the 75:Ownership 47:Mogadishu 3516:Category 3484:Religion 3421:Polygamy 3394:Diaspora 3226:Military 3156:Politics 3133:Puntland 3123:Jubaland 3108:Galmudug 3085:Togdheer 3015:Banaadir 2944:Lamadaya 2914:Wildlife 2860:Military 2855:Maritime 2848:By topic 2699:articles 2497:Policies 2394:Suriname 2384:Paraguay 2369:Colombia 2260:Honduras 2213:Bermuda 2208:Barbados 2155:Slovenia 2150:Slovakia 2121:Portugal 2037:Hungaria 1977:Bulgaria 1957:Austrian 1936:Abkhazia 1884:Thailand 1830:Pakistan 1810:Mongolia 1805:Maldives 1800:Malaysia 1711:Cambodia 1670:Zimbabwe 1650:Tanzania 1523:Ethiopia 1518:Eswatini 1503:Djibouti 1478:Botswana 1360:Archived 1251:Archived 1161:30 April 1135:Archived 1112:25 April 1022:Archived 895:Archived 776:See also 711:private 686:Overview 370:Djibouti 362:Hargeisa 354:Galkacyo 273:Ethiopia 230:Hargeisa 115:ISO 4217 106:Currency 86:Governor 3464:Cuisine 3441:Culture 3362:Society 3343:Tourism 3283:Economy 3172:Cabinet 3113:Khatumo 2997:Regions 2909:Climate 2707:History 2695:Somalia 2416:italics 2399:Uruguay 2374:Ecuador 2347:America 2336:Vanuatu 2294:Oceania 2265:Jamaica 2191:America 2180:Ukraine 2126:Romania 2084:Moldova 2047:Ireland 2042:Iceland 2027:Georgia 2017:Finland 2012:Estonia 2007:England 2002:Germany 1997:Denmark 1982:Croatia 1967:Belgium 1962:Belarus 1947:Armenia 1942:Albania 1909:Vietnam 1815:Myanmar 1788:Lebanon 1691:Bahrain 1655:Tunisia 1623:Somalia 1598:Nigeria 1593:Namibia 1583:Morocco 1553:Liberia 1548:Lesotho 1513:Eritrea 1493:Comoros 1483:Burundi 1468:Algeria 1186:. 2006. 768:bureaus 730:Somalis 725:hawalas 722:firms ( 366:Kismayo 342:Berbera 269:Eritrea 257:Kismayo 226:Berbera 185:History 179:Somalia 122:Website 100:Somalia 65: ( 51:Somalia 3526:Portal 3489:Sports 3459:Cinema 3404:Health 3374:Anthem 3100:States 3045:Sanaag 3010:Bakool 2980:Island 2973:Bahaya 2904:Cities 2865:Postal 2818:Piracy 2697:  2572:system 2471:Global 2379:Guyana 2359:Brazil 2270:Mexico 2218:Canada 2175:Turkey 2165:Sweden 2145:Serbia 2131:Russia 2116:Poland 2099:Norway 2064:Latvia 2058:Kosovo 2032:Greece 2022:France 1987:Cyprus 1923:Europe 1873:Taiwan 1783:Kuwait 1758:Jordan 1748:Israel 1706:Brunei 1701:Bhutan 1665:Zambia 1660:Uganda 1603:Rwanda 1568:Malawi 1538:Guinea 1528:Gambia 1473:Angola 1451:Africa 1339:3 June 947:  920:  718:These 421:Organs 358:Qardho 346:Bosaso 334:Baidoa 167:Arabic 159:Somali 3479:Music 3474:Media 3431:Women 3070:Nugal 3065:Mudug 3050:Hiran 3005:Awdal 2929:Hafun 2621:Lists 2364:Chile 2345:South 2331:Tonga 2321:Samoa 2255:Haiti 2198:Aruba 2189:North 2160:Spain 2079:Malta 2052:Italy 1992:Czech 1914:Yemen 1867:Syria 1847:Qatar 1820:Nepal 1794:Macao 1753:Japan 1728:India 1716:China 1645:Sudan 1558:Libya 1543:Kenya 1533:Ghana 1508:Egypt 1498:Congo 1308:(PDF) 1301:(PDF) 860:(PDF) 843:Notes 766:Forex 350:Burco 261:Merca 236:(now 78:100% 3416:Flag 3263:List 3251:List 3218:Xeer 3214:Law 3040:Sool 3035:Gedo 3020:Bari 2389:Peru 2306:Fiji 2223:Cuba 1825:Oman 1743:Iraq 1738:Iran 1679:Asia 1341:2010 1228:2022 1163:2015 1114:2014 1084:2013 1054:2013 945:ISBN 918:ISBN 364:and 271:and 259:and 228:and 149:The 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Index

Central Bank of Somaliland

Mogadishu
Somalia
state ownership
Mr. Abdirahman M. Abdullahi
Somalia
Somali shilling
ISO 4217
www.centralbank.gov.so

Somali
Arabic
monetary authority
Somalia
Banca d'Italia
Mogadishu
Italian Somaliland
Banco di Napoli
Mogadishu
Cassa di Risparmio di Torino
National Bank of India
National and Grindlays Bank
Berbera
Hargeisa
British Somaliland
Somaliland
State of Somaliland
Trust Territory of Somalia
Somali Republic

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