Central Bank of Somalia

The Central Bank of Somalia (CBS) (Somali:Bankiga Dhexe ee Soomaaliya, Arabic:البنك المركزي في الصومال‎) is the monetary authority of Somalia. Among other duties, it is in charge of ensuring financial stability, maintaining the internal and external value of the local currency, and promoting credit and exchange conditions that facilitate the balanced growth of the national economy. Within the scope of its powers, it also contributes to the financial and economic policies of the State.