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Core Functions – Bank of Somaliland
 

Home Core Functions

Bank Functions

The Bank of Somaliland was mandated to operate as a central bank as well as a commercial bank. However, since its inception the central bank functions are limited.  Mostly the bank provides commercial and treasury services and in a nutshell following are the services it provides:

  •   Printing the national currency
  •   Deposit of Government Treasury
  •   Opening Accounts to the private customers and government employees
  •   Licensing the private banks, remittances and money exchange agents
  •  -Supervises financial institutions such as: commercial Banks, remittance and exchange dealers
  •   Fighting against inflation
  •   Participation of national budget preparation.

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