Copy right  2015 Central Bank of Somalia, All Rights Reserved.
Central Bank of Somalia Central Bank of Somalia provides the nation with safe, flexible and stable monetary & financial system.”

About Central

Bank of Somalia

(CBS)

The   Central   Bank   of   Somalia   was   established on    June    30,    1960    by    Decree    No.    3    and converted    into    Law    No.    2    of    January    13, 1961. The   Bank   shall   be   guided   in   all   its   actions   by the   objectives   of   fostering   monetary   stability, maintaining   the   internal   and   external   value   of the   Somali   Shilling,   and   promoting   credit   and exchange      conditions      conducive      to      the balanced    growth    of    the    economy    of    the Republic,   and   within   the   limits   of   its   power,   it shall   contribute   to   the   financial   and   economic policies of the State.  The   history   of   the   Central   Bank   of   Somalia began   when   the   United   Nation’s   Trusteeship Administration    “A.F.I.S.”    established    on    8th April,     1950     a     new     currency     institution regulator   “Cassa   per   la   circolazione   monetaria della   Somalia”   with   its   Head   Office   in   Rome (Italy).   During   the   1950s,   as   independence approached,    on    6th    April,    1959    the    Head Quarter    has    been    moved    to    Mogadishu, taking     over     all     the     assets,     liabilities, operations   of   the   Banca   d’Italia’s   Mogadishu branch. On   3rd   June,   1960   it   ceased   to   exist   and   its functions   have   been   transferred   to   the   newly established    central    bank    “Somali    National Bank” .
Copy right  2015 Central Bank of Somalia, All Rights Reserved. Central Bank of Somalia
“Central Bank of Somalia provides the nation with safe,       flexible and stable monetary & financial system.”

About Central Bank of Somalia

(CBS)

The   Central   Bank   of   Somalia   was   established   on   June   30,   1960   by   Decree   No.   3   and converted into Law No. 2 of January 13, 1961. The   Bank   shall   be   guided   in   all   its   actions   by   the   objectives   of   fostering   monetary stability,    maintaining    the    internal    and    external    value    of    the    Somali    Shilling,    and promoting   credit   and   exchange   conditions   conducive   to   the   balanced   growth   of   the economy   of   the   Republic,   and   within   the   limits   of   its   power,   it   shall   contribute   to   the financial and economic policies of the State.  The   history   of   the   Central   Bank   of   Somalia   began   when   the   United   Nation’s   Trusteeship Administration    “A.F.I.S.”    established    on    8th    April,    1950    a    new    currency    institution regulator   “Cassa   per   la   circolazione   monetaria   della   Somalia”   with   its   Head   Office   in Rome   (Italy).   During   the   1950s,   as   independence   approached,   on   6th   April,   1959   the Head   Quarter   has   been   moved   to   Mogadishu,   taking   over   all   the   assets,   liabilities, operations of the Banca d’Italia’s Mogadishu branch. On   3rd   June,   1960   it   ceased   to   exist   and   its   functions   have   been   transferred   to   the newly established central bank “Somali National Bank” .

                                         CBS

Central Bank of Somalia its going to upgrade for IT and Network Technology for Banks. We will use a Core Banking systems and ERP very soon.
CONTACT INFORMATION P.O Box 11, 55 Corso Somalia Mogadishu, Somalia Tel/Fax: +2521241152, Tel: +2521866131 Tel: +2521866151 Email: info@centralbank.gov.so
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      About CBS

Vision

The vision of the Central Bank is to position itself among the region’s leading central banks, on the back of its independence, strong organizational structure, professional staff, technological superiority and its capacity to produce effective results.

Mission

The CBS mission is to foster price stability and build a robust, stable, up-to-date and sound financial system. The core values of the CBS are reflected in all areas of the bank operations and in the performance of all the bank tasks.

Goals

Our key goals are to formalize financial institutions, establish effective monetary policy,  build strong banking operations foundation, increase organizational effectiveness,  strengthen reporting and transparency and promote good governance.