Somalia Currency Exchange Project

The Somalia Currency Exchange Project aims to support the Federal Government of Somalia in issuing new, legal, low denomination national currency notes.

This initiative is designed to replace counterfeit and old notes currently in circulation, thereby easing everyday transactions and reducing transaction costs.

Additionally, the project seeks to enhance financial inclusion for low-income groups through various banking and digital financial reforms.

The project encompasses several components, including currency design and planning for implementation activities.

The Central Bank of Somalia will play a crucial role in issuing banknotes with appropriate security features.

Overall, this project is expected to contribute significantly to the financial stability and economic development of Somalia.