CBS joined the FGS delegation, led by the Minister of Finance, in a successful IMF staff visit in Riyadh. Talks focused on Somalia’s economic reforms, with the IMF recognizing strong commitment to progress. CBS remains dedicated to fostering stability, growth, and resilience.

RT @IA_GOV: التقى سعادة الرئيس التنفيذي لـ #هيئة_التأمين المهندس/ ناجي التميمي، بمعالي محافظ البنك المركزي الصومالي الأستاذ/ عبدي محمد عبدا…

Enhancing ties with key global financial institutions like SAMA remains a priority for the Central Bank of Somalia.

• Relicensing of two Mobile Money Service providers. The meeting also welcomed Hanifa Mohamed Ibrahim, recently appointed as a new CBS Board member.

A New Dawn for Somalia’s Payment Ecosystem. CBS is proud to announce the launch of the Somalia Instant Payment System(SIPS) today, in partnership with Somali Bankers Association. SIPS enables real-time, secure, and seamless transactions, transforming Somalia’s financial services.

SIPS has the solution! Enjoy instant, secure payments across banks. Be part of Somalia’s payment revolution. For more information watch the link below: Stay tuned! #𝐂𝐁𝐒 #𝐒𝐏𝐒 #SIPS #InstantPayment

Watch the video as the CBS Governor, SBA Chairman, and SPS MD provide insights: ✅SPS, co-established by CBS & private banks. ✅SPS's service revolutionizing payments. ✅SIPS's role in the economy, business, training & financial inclusion. Full video:

We are 𝐞𝐱𝐜𝐢𝐭𝐞𝐝 to announce the 𝐮𝐩𝐜𝐨𝐦𝐢𝐧𝐠 launch of the Somalia Instant Payment System (SIPS), a secure, real-time platform developed by the Somali Payment Switch, revolutionizing financial inclusion and modernizing Somalia's payment ecosystem. #CBS #SPS #SIPS #SBA

The CBS Board of Directors held its 89th ordinary meeting, endorsing key reforms to advance institutional and financial sector development. Key outcomes include approval of the 2025 Budget and renewal of bank and money transfer business (MTB) licenses.

RT @AbdirahmanM_A: Pleasure to join the Central Bank of Djibouti as Guest of Honor to celebrate the 75th Anniversary of the Djiboutian Fran…

RT @AbdirahmanM_A: The IMF Executive Board has completed the 2024 Article IV Consultation and the 2nd review under the ECF program for Soma…

The event fostered discussions between the board and global experts, offering insights to guide CBS’s strategic priorities. We thank the IMF & IFSB experts for their contributions. Together, we are shaping a resilient and inclusive financial future for Somalia. #IMF #IFSB #CBS

The Board also approved the Whistleblowing Protection Policy to foster integrity and accountability, the appointment of an external auditor for the next three years, and CBS’s ambitious new five-year strategy (2025-2029) to drive financial stability and sectoral growth.

IMF Concludes Article IV Consultation with Somalia and Reaches Staff-Level Agreement on the Second Review under the ECF Program. Reforms are on track as CBS advances governance and financial sector deepening. For more information, please read this:

adopting global best practices in reserve management —aligning with our vision to build a stable, prosperous financial system.” Prudent reserve management is essential for Somalia's future! #CentralBankSo #Development #RAMP #WorldBank