Cover Policy Papers
Buy Book in Print
Somalia—Assessment Letter for the Central Bank of Somalia
Author:
International Monetary Fund. Middle East and Central Asia Dept.
Search for other papers by International Monetary Fund. Middle East and Central Asia Dept. in
Current site
Google Scholar Close
Series:
Policy Papers
Volume/Issue:
Volume 2024: Issue 065
Language:
English
Publication Date:
18 Dec 2024
DOI:
https://doi.org/10.5089/9798400297632.007
ISBN:
9798400297632
ISSN:
2663-3493
Pages:
4
Keywords:
Somalia; currency board arrangement; currency exchange; assessment letter; extended credit facility; transparency policy; IMF CD support; ECF arrangement; currency exchange project; CBS capacity; ECF program; Currencies; Global
Download PDF (1.6 MB) Download Epub
This letter provides IMF staff’s assessment of macroeconomic policies in Somalia. It also discusses the authorities’ intention to reintroduce the Somali Shilling and implement a currency board arrangement, which the IMF will be supporting through extensive capacity development and the Extended Credit Facility arrangement. This assessment letter has been requested by the Central Bank of Somalia with the objective of sharing it with international partners to explain the currency reform and seek their support.
  • Collapse
  • Expand
Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund