The Central Bank of Somalia is Somalia's monetary authority, established on June 30, 1960 to coincide with the country's independence under the name Banca Nazionale Somala before being renamed to its current form on February 8, 1975. Headquartered in Mogadishu with an additional branch in Baidoa, it is wholly state-owned and is responsible for maintaining the internal and external value of the Somali shilling, ensuring financial stability, and promoting credit and exchange conditions for balanced national economic growth.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedWikidata Q2299534, property P17 (country). Classification
Institution Subtype In the Other Atlases
- Also in Geography Atlas: Somalia, located there.
Sources
1. Central Bank of Somalia: History
Central Bank of SomaliaHistory page, Somali National Bank 1960-1975 section
The Somali National Bank was officially established by Decree-Law No. 3 on June 30, 1960, just one day before Somalia gained independence.
Contact/address listing
P.O Box 11, 55 Corso Somalia Mogadishu, Somalia
Introduction, institution-subtype
The Central Bank of Somalia is Somalia's monetary authority, established on June 30, 1960 to coincide with the country's independence under the name Banca Nazionale Somala before being renamed to its current form on February 8, 1975.
View the Source 2. Wikidata
Wikimedia Foundation
Wikidata: Central Bank of Somalia
Wikidata Q2299534, class allow-list match (w-wdresolver-0926)View the Source Reader Challenges (0)
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