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IMF Executive Board Concludes the Fourth Review of the Extended Credit Facility Arrangement for Somalia and Approves the Request for Augmentation
09 Dec 2025 08:47 GMT
… s economic reform agenda.
Somalia has maintained strong program … initial effort. To support Somalia’s reform strategy, sustained … is crucial, especially as Somalia plans to access external … of the Somali Shilling and the adoption of a currency board …
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Somalia open for business: Central Bank outlines next moves
27 Nov 2025 21:56 GMT
… is currency reform, which includes the reintroduction of the Somali shilling. … planning to introduce the Somali shilling after 30 years, … credibility in the national currency through a law- … and global investors regarding Somalia's economic landscape …
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IMF, Somalia agree on $30 million credit facility boost to support reforms
13 Oct 2025 20:32 GMT
… the IMF noted that Somalia’s fiscal performance has … programs.
The IMF commended Somalia’s continued reform drive, …
The Central Bank of Somalia has strengthened its regulatory … future currency board arrangement that would stabilize the Somali shilling. The …
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Somalia to reintroduce Somali shilling after decades of delay
06 Aug 2025 05:15 GMT
… in Mogadishu counts Somali shilling banknotes alongside U. … Somalia’s federal government is preparing to reintroduce newly printed Somali shilling … the Somali Shilling and adopting a currency board arrangement … nearly 98% of Somali shilling notes in circulation …
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Somalia, IMF open fourth review to assess reform progress
21 Sep 2025 19:58 GMT
…
Mogadishu (HOL) — Somalia’s Finance Minister Bihi Iman … mobilization, which underpins Somalia’s reform strategy following … December 2023, provides Somalia with multi-year concessional … cautiously reintroduce the Somali shilling under a currency board system. …
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Somalia seeks $40 million to fund new currency rollout
16 Sep 2025 23:08 GMT
… 000 and 10,000 Somali shilling banknotes unveiled in … to replace counterfeit currency.Mogadishu (HOL) — Somalia’s federal … a new series of Somali shilling banknotes, a project officials … publicly disclosed.
“Printing new currency requires $70 million. …
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Reforming Somalia’s banking sector amid crisis and opportunity
02 Sep 2025 10:41 GMT
… of daily life across Somalia, particularly in Mogadishu.
… Somali shilling in the 1990s, the dol- lar has become the currency … to gradually reintroduce the Somali shilling, begin- ning with … literacy programmes.
Support local currency introduction: A phased …
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At Somalia’s National Theater, poets rebuild culture through verse
09 Dec 2025 23:39 GMT
… —like the decline of the Somali shilling in an increasingly dollarised economy …
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Reforming Somalia's banking sector amid crisis and opportunity
01 Aug 2025 08:47 GMT
… of daily life across Somalia, particularly in Mogadishu.
… to gradually reintroduce the Somali shilling, beginning with lower- … rolling out a new currency requires significant political coordination, … of the Somali shilling, backed by a currency board and …
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Somalia’s poets keep hope alive for storytelling and for peace
08 Dec 2025 03:17 GMT
… the apparent uselessness of the Somali shilling, which is no longer accepted …