Magan Book
The banking sector in Somalia has faced challenges and progress due to political instability and conflict, which have hindered its growth and stability. However, recent efforts have been made to rebuild and modernize the sector, leading to some positive developments. Historically, Somalia had a well-functioning banking sector before the civil war in 1991. The Central Bank of Somalia, established in 1960, played a crucial role in regulating and supervising the banking industry. However, the civil war severely disrupted the banking sector, leading to the closure of most banks and the collapse of the central bank. As a result, informal money transfer systems, known as hawalas, emerged as the primary means of financial transactions (Ahmed, A. A., & Ahmed, N., 2017).
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Magan Book
Bangiyada Soomaaliya waxa ay la kulmeen caqabado iyo horumarro ka dhashay xasillooni darro siyaasadeed iyo colaado, kuwaas oo hor istaagay koboca iyo xasilloonida. Si kastaba ha ahaatee, dadaaladii ugu dambeeyay ayaa lagu sameeyay dib u dhiska iyo casriyeynta waaxda, taasoo horseeday horumar wanaagsan. Taariikh ahaan, Soomaaliya waxay lahayd qayb bangi oo si wanaagsan u shaqeysa ka hor dagaalkii sokeeye ee 1991. Bangiga dhexe ee Soomaaliya oo la aasaasay 1960-kii, wuxuu door muhiim ah ka qaatay nidaaminta iyo kormeerka bangiyada. Si kastaba ha ahaatee, dagaaladii sokeeye ayaa si ba’an u carqaladeeyay qeybta bangiyada, taasoo keentay inay xirmaan inta badan bangiyada iyo burburka bangiga dhexe. Natiijo ahaan, nidaamyada xawilaadda lacagaha ee aan rasmiga ahayn, ayaa u soo baxay habka koowaad ee kala gudbinta lacagaha (Axmed, A. A., & Ahmed, N., 2017).