Central Bank of Somalia and Somali Financial Institutions Take Crucial Steps to Modernize Banking Sector

[Deeq A.]

The Central Bank of Somalia (CBS) and Somali Financial Institutions (SFIs) are taking crucial steps to modernize national payments systems. Supported by the World Bank, the CBS and private financial institutions are streamlining their efforts to strengthen the inter-bank payment, clearing and settlement systems in Somalia.

Source: Hiiraan Online