Baanka Somaliland
| Headquarters | Hargeysa , Somaliland |
| founding | October 1994 |
| country | Somaliland |
| currency | |
| ISO 4217 | SQS |
| Website | |
| List of central banks | |
The Bank of Somaliland is the Central Bank of Somaliland , but which as a normal commercial bank operates. It was founded in October 1994 and issues the Somaliland shilling .
tasks
According to Article 3 of the Law Establishing Baanka Somaliland , the tasks of the bank are:
- Maintaining the stability of the currency internally and externally
- Setting policy rates to ensure steady growth of the Somali economy
- Participation in the financial and economic policy of Somaliland state.
management
The bank is run by a seven-member Board of Directors . He has sole responsibility for the establishment and closure of branches, the determination of the bank's equity ratio and all far-reaching decisions on the organization of the bank and its monetary policy.
Branches
In addition to its main office in Hargeysa, the bank has seven branches and four money exchange offices at the country's airports.