Somaliland SHillings Note
back 20 Somaliland Shillings
One of the provisions of the National Constitution of the Republic of Somaliland is the establishment of a Bank to carry out Central Banking functions. The bank of Somaliland (Baanka Somaliland) was thus inaugurated in 1994 together with appropriate Banking Laws, to insure that Banking regulations are carried out to the letter. Board of Directors has accordingly been appointed together with a Governor of the Bank, Vice-governor, and a Director General. In addition, the Bank of Somaliland besides its functions as Central Bank, runs the activities of Commercial sector.
back 20 Somaliland Shillings
One of the provisions of the National Constitution of the Republic of Somaliland is the establishment of a Bank to carry out Central Banking functions. The bank of Somaliland (Baanka Somaliland) was thus inaugurated in 1994 together with appropriate Banking Laws, to insure that Banking regulations are carried out to the letter. Board of Directors has accordingly been appointed together with a Governor of the Bank, Vice-governor, and a Director General. In addition, the Bank of Somaliland besides its functions as Central Bank, runs the activities of Commercial sector.