Bank of Somaliland
Headquarters | Hargeisa |
---|---|
Ownership | Government of Somaliland |
Governor | Ali Ibrahim Jama |
Central bank of | Somaliland |
Currency | Shilling |
Website | http://bankofsomaliland.net |
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.[1] 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
See also
References
- ↑ Somaliland’s Quest for International Recognition and the HBM-SSC Factor Archived May 28, 2012, at the Wayback Machine.
External links
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