Home Core 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.