IMF continues building up Somali central bank

central-bank-of-somalia
The Central Bank of Somalia, Mogadishu

Staff from the International Monetary Fund have outlined plans to help Somalia’s central bank further develop its own capacities and improve the country’s financial sector.

The Central Bank of Somalia (CBS) currently lacks the ability to implement monetary policy because of “massive counterfeiting” of the country’s currency, the Somali shilling, following the collapse of the Somali state in the 1990s.

Planned currency reforms would give the CBS the ability to implement monetary policy and is a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.