Samiksha Jaiswal (Editor)

Bank of Somaliland

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Currency
  
Somaliland shilling

Owner
  
Politics of Somaliland

Central bank of
  
Somaliland

Headquarters
  
Hargeisa

Founded
  
1994

Bank of Somaliland httpsuploadwikimediaorgwikipediadethumb4

Ownership
  
Government of Somaliland

Governor
  
Abdilahi Hajji Jama Ali

Website
  
http://bankofsomaliland.org

The Bank of Somaliland (Somali: Baanka Somaliland) is a central bank in Somaliland, a self-declared republic that is internationally recognized as an autonomous region of Somalia. Established in 1994, it serves as both a monetary authority and a commercial bank for the territory. The central bank was provided for in the constitution of Somaliland. It has a head office in Hargeisa, in addition to seven other branches, and four foreign exchange offices in the airports at Hargeisa, Berbera, Borama and Gabiley.

Objectives

In line with Article 3 of the Constitutive Law of Somaliland Bank, the bank aims to:

  • maintain price and exchange rate stability
  • promote credit and trade condition which support balanced economic growth
  • support the economic and financial policies of the government where possible

    • References

    Bank of Somaliland Wikipedia
    (Text) CC BY-SA