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The Bank of Somaliland (Somali: Baanka Somaliland, Arabic: البنك المركزي صوماليلاند) is the monetary authority, central bank, and commercial bank of Somaliland. [1] Established in 1994, the central bank is provided for in the constitution of Somaliland .
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In 1952, National Bank of India (NBI), which later merged with Grindlays Bank to form National and Grindlays Bank, established branches in Berbera and Hargeisa in British Somaliland (now Somaliland). NBI was the first bank in British Somaliland and was the banker to the colonial government until the State of Somaliland (the former British ...
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The history of Somaliland, a country in the eastern Horn of Africa bordered by the Gulf of Aden, and the East African land mass, begins with human habitation tens of thousands of years ago. It includes the civilizations of Punt , the Ottomans , and colonial influences from Europe and the Middle East .
The "Bank of Italy" in 1950 Mogadishu, before being renamed "National Central Bank of Somalia" in 1960. Furthermore, on 1 July 1960, the newly independent Republic of Somalia established that the "Banca Nazionale Somala" (National Bank of Somalia) to take over the activities of the "Cassa" and the Mogadishu branch of Banca d'Italia.
Somaliland, officially the Republic of Somaliland, is an unrecognised country in the Horn of Africa. It is located in the southern coast of the Gulf of Aden and bordered by Djibouti to the northwest, Ethiopia to the south and west, and Somalia to the east.
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