Hargeisa, Somaliland– In a decisive effort to stabilize the local economy, the Central Bank of the Republic of Somaliland has released dollars into the currency exchange market of Hargeisa to absorb surplus funds and address the recent fluctuations in exchange rates.
The central bank’s intervention is a response to increasing concerns about the stability of the Somaliland shilling.
By injecting dollars into the market, officials hope to enhance liquidity and restore confidence among traders and consumers.
As the situation unfolds, the central bank is committed to closely monitoring market conditions and will take further actions as needed to ensure a stable economic environment for all Somaliland citizens.