Somaliland’s International Banking Act: A Nation’s Signature on the Global Stage

Somaliland has stood for more than three decades as a beacon of stability in the Horn of Africa. While the world debates our recognition, we continue to build institutions that prove our readiness for statehood. Our financial system, rooted in Sharia principles, has already established credibility through the Central Banking Act of 2012 and the Islamic Banking Act (No. 55/2012). These laws created the Central Bank of Somaliland, stabilized our currency, and ensured that our banking practices remain ethical and interest-free. But Somaliland’s vision does not stop there.

The International Banking Act is our next step, a sovereign declaration that we are prepared to modernize, integrate, and connect with the global financial system. This Act is designed to invite foreign banks to establish partnerships,........

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