By Goth Mohamed Goth
Hargeisa-On 07 June 2025, the Central Bank of Somaliland convened a critical consultative meeting with senior officials from privately-owned banks to discuss newly proposed Liquidity Management Regulations. This initiative aims to strengthen the financial stability of Somaliland’s banking sector and is part of a broader effort to establish a robust, transparent financial framework, ensuring economic resilience and public trust.
The Deputy Governor Mr. Hamse Abdirahman Khayre opened the meeting, emphasizing the regulation’s pivotal role in safeguarding banks against financial risks and enhancing customer confidence. “This regulation is a cornerstone in our efforts to maintain monetary stability and protect the financial ecosystem of Somaliland,” stated Mr. Khayre.
The proposed regulations require banks to maintain adequate liquidity to meet operational demands and withstand economic shocks. This forms a key component of the Central Bank’s ambitious reform agenda to modernize the financial sector’s regulatory framework in line with international best practices.
Representatives from private banks actively engaged in discussions, providing valuable insights and feedback on the regulation’s provisions. While significant progress was made, participants agreed to hold follow-up meetings to refine and finalize implementation details.
The Central Bank’s proactive approach has been widely lauded as a vital step towards fostering a stable and trustworthy financial environment. Such measures are expected to bolster investor confidence and support sustainable growth as Somaliland continues its economic development.
