By Goth Mohamed Goth
HARGEISA – In a decisive move to regulate its financial ecosystem, the Central Bank of Somaliland has ordered the immediate suspension of all mobile money transfers under $100 across major payment platforms, including Zaad, eDahab, and Kaashplus.
The directive, which took effect from 6 p.m. on Thursday, September 11, 2025, aims to enhance oversight of foreign exchange movements and reinforce monetary stability. It specifically targets transactions conducted via popular USSD shortcodes such as 880 110, 883 113, and 889 779, as well as app-based transfers through Waafi, Dahabplus, Dahabpay, and MyAccount.
Authorities cite the Central Bank Law (No. 54/2012) as the legal basis for the intervention, emphasizing the need to monitor cross-platform liquidity flows and mitigate potential risks associated with unregulated small-value transactions.
This measure is expected to impact daily digital commerce and remittance activity significantly, though officials assert it is a necessary step toward strengthening the national financial infrastructure.
No timeline has been provided for the suspension’s duration. Further updates are anticipated following ongoing reviews by monetary authorities.
