The Central Bank of Somaliland convened a critical consultative meeting on 07 June, 2025 to discuss the newly proposed Liquidity Management Regulation aimed at strengthening the financial stability of the nation’s banking sector. The regulation is part of a broader initiative to establish a robust and transparent financial framework to ensure economic resilience and public trust in Somaliland’s banking system.
The meeting, attended by senior officials from privately-owned banks across the country, was opened by Deputy Governor Mr. Hamse Abdirahman Khayre. In his opening remarks, Mr. Khayre highlighted the regulation’s pivotal role in safeguarding banks against financial risks and enhancing customer confidence in banking services. “This regulation is a cornerstone in our efforts to maintain monetary stability and protect the financial ecosystem of Somaliland,” he stated.
The Liquidity Management Regulation is designed to ensure that banks maintain adequate liquidity to meet operational demands and withstand economic shocks. It forms part of the Central Bank’s ambitious reform agenda to modernize the financial sector’s regulatory framework, aligning with international best practices.
During the meeting, representatives from private banks engaged in lively discussions, offering insights and feedback on the regulation’s provisions. While the session marked significant progress, participants agreed to hold follow-up meetings to refine and finalize the regulation’s implementation.
The Central Bank’s proactive approach has been lauded as a vital step toward fostering a stable and trustworthy financial environment in Somaliland. As the nation continues to develop its economy, such measures are expected to bolster investor confidence and support sustainable growth.