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.”

Governor’s Statements

I   am   pleased   to   recognize   the   significant   efforts   made   by   the Central   Bank's   staff   over   this   past   year   and   their   dedication   to building    this    institution.    I    would    also    like    to    recognize    the support   from   the   government,   Somali   financial   institutions   and our   international   partners   in   pushing   the   development   of   the financial    sector    leading    to    greater    economic    recovery    and growth The   vision   of   the   Central   Bank   of   Somalia   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.   Specifically,   to   create   a   modern,   effective   and dynamic    Central    Bank    of    Somalia    that    serves    the    overall financial,    growth    and    development    requirements    of    Somalia, within   the   framework   of   a   harmonized   regional   financial   system, and   consistent   with   the   demand   of   a   globalized   economic   and financial environment. The   appointment   after   an   exhaustive   and   transparent   selection process   of   the   Governor,   the   Deputy   Governor   and   five   non- executive   members   of   the   Board   of   Directors,   and   endorsement by the Cabinet on         April   2014,   led   to   completion   of   a   set   of   procedures   related to   the   functions   of   the   Board   and   the   beginning   of   reforms   and initiatives   for   building   a   modern   Central   Bank   that   can   play   a prominent role in the development of the country. In line with the requirements of reporting and transparency, the governance of the Bank is pleased to launch the new website of the Bank in order to disseminate the activities, plans and issues of interest to the stake holders of the Bank.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Bashir Issa Ali (Governor of Central Bank of Somalia)
Copy right © 2015 Central Bank of Somalia, All Rights Reserved.

Governor’s Statements

I   am   pleased   to   recognize   the   significant   efforts   made   by   the   Central   Bank's staff   over   this   past   year   and   their   dedication   to   building   this   institution.   I would    also    like    to    recognize    the    support    from    the    government,    Somali financial     institutions     and     our     international     partners     in     pushing     the development   of   the   financial   sector   leading   to   greater   economic   recovery and growth The   vision   of   the   Central   Bank   of   Somalia   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.   Specifically,   to   create   a   modern,   effective   and   dynamic Central   Bank   of   Somalia   that   serves   the   overall   financial,   growth   and   development   requirements of   Somalia,   within   the   framework   of   a   harmonized   regional   financial   system,   and   consistent   with the demand of a globalized economic and financial environment. The   appointment   after   an   exhaustive   and   transparent   selection   process   of   the   Governor,   the Deputy   Governor   and   five   non-executive   members   of   the   Board   of   Directors,   and   endorsement by the Cabinet on         April   2014,   led   to   completion   of   a   set   of   procedures   related   to   the   functions   of   the   Board and   the   beginning   of   reforms   and   initiatives   for   building   a   modern   Central   Bank   that   can   play   a prominent role in the development of the country. In line with the requirements of reporting and transparency, the governance of the Bank is pleased to launch the new website of the Bank in order to disseminate the activities, plans and issues of interest to the stake holders of the Bank.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Bashir Issa Ali (Governor of Central Bank of Somalia)
CONTACT INFORMATION P.O Box 11, 55 Corso Somalia Mogadishu, Somalia Tel/Fax: +2521241152, Tel: +2521866131 Tel: +2521866151 Email: it@centralbank.gov.so
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