The Bank of Somaliland (Baanka Somaliland) was established in 1994. It acts as both a central bank and a commercial bank for Somaliland, a de facto independent republic which is recognized as a part of Somalia. The monetary authority was provided for in the constitution of Somaliland. It has a head office branch in Hargeisa, seven other branches, and four foreign exchange offices in the airports at Hargeisa, Berbera, Borama, and Gabiley.
The bank aims, in line with Article 3 of the Constitutive Law of Somaliland Bank to: