Bank of Somaliland
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.
| Headquarters | Hargeisa |
|---|---|
| Coordinates | |
| Ownership | Government of Somaliland |
| Governor | Ali Ibrahim Jama |
| Central bank of | Somaliland |
| Currency | Shilling |
| Website | http://bankofsomaliland.net |
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
- Somaliland
- Central banks and currencies of Africa
- Economy of Somalia
- List of central banks
- Somaliland shilling
- Commonwealth b knote-issuing institutions
References
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