Profile Details
Overview:
About
the Central Bank of Somalia (CBS)
The Central Bank of Somalia was established in 1968 as the country’s
financial regulatory institution. After years of insecurity, fragility, and
economic decline due to the collapse of the state in 1991, The Central Bank was
revived and strengthened with the CBS Act of 2011. The Act laid a new
foundation to regulate and boost the country’s finance sector and facilitate
economic growth.
Our Vision:
The CBS vision is to contribute to the prosperity of the people of
Somalia, through maintaining economic & price stability, and financial
system stability to support sustainable growth through policy stimulus &
advice. In doing so, the Bank would act with the highest degree of integrity
& professionalism.
Our Mission:
The mission of CBS is to fulfill its core objectives of maintaining
price stability and building a robust, stable, up-to-date, and sound financial
system. This would enable CBS to increase the provision of financial services
with a wider choice of services geared to all levels of society, which is essential
for sustainable growth & the alleviation of poverty.
Our Institutional Values:
·         Commitment to serving the public
interest.
·         Institutional services and
orientation.
·         Ethics and integrity.
·         Transparency and leadership by
example.
·         Teamwork, equity, fairness, and
confidentiality.
Information:
About the Central Bank of Somalia (CBS)
The Central Bank of Somalia was established in 1968 as the country’s financial regulatory institution. After years of insecurity, fragility, and economic decline due to the collapse of the state in 1991, The Central Bank was revived and strengthened with the CBS Act of 2011. The Act laid a new foundation to regulate and boost the country’s finance sector and facilitate economic growth.
Our Vision:
The CBS vision is to contribute to the prosperity of the people of Somalia, through maintaining economic & price stability, and financial system stability to support sustainable growth through policy stimulus & advice. In doing so, the Bank would act with the highest degree of integrity & professionalism.
Our Mission:
The mission of CBS is to fulfill its core objectives of maintaining price stability and building a robust, stable, up-to-date, and sound financial system. This would enable CBS to increase the provision of financial services with a wider choice of services geared to all levels of society, which is essential for sustainable growth & the alleviation of poverty.
Our Institutional Values:
·         Commitment to serving the public interest.
·         Institutional services and orientation.
·         Ethics and integrity.
·         Transparency and leadership by example.
·         Teamwork, equity, fairness, and confidentiality.
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