Central Bank Of Somalia
About Company
The Central Bank of Somalia was first established on June 30, 1960, under Decree No. 3, and later formalized through Law No. 2 on January 13, 1961. Since its inception, the Bank has played a pivotal role in shaping the nation’s financial foundation.
Guided by its core mandate, the Bank is committed to:
- Ensuring monetary stability
- Preserving the internal and external value of the Somali Shilling
- Promoting healthy credit and exchange conditions that support sustainable and balanced economic growth
Within the scope of its authority, the Central Bank also works closely with national institutions to strengthen Somalia’s financial and economic policies, contributing to a more resilient and prosperous future for the Republic.
Today, the Bank continues to evolve—driving reforms, building public trust, and supporting a stable financial system that empowers businesses, communities, and the nation at large.
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