The unit of currency is the Somali shilling, consisting of 100 centesimi, issued by the Central Bank of Somalia (1960).
Somalia is a member of the Islamic Development Bank and the African Development Bank. The 1995 exchange rate was 2,615 shillings equal to US$1.
The Bakiga Dhexe ee Soomaliya (Central Bank) is the issuing bank. The Somali Development Bank and the Savings Bank of Somalia are the other two banks.