Central Bank of Somalia CENTRAL BANK OF SOMALIA Annual report 2017 i CENTRAL BANK OF SOMALIA ANNUAL REPORT Central Bank of Somalia ECONOMIC RESEARCH AND STATISTICS DEPARTMENT 2017 i CENTRAL BANK OF SOMALIA ANNUAL REPORT Annual Report 2017 In the case of quotation, please refer to this publication as follow: - Central bank of Somalia (CBS) Annual report 2017: Mogadishu – Somalia To request a complimentary copy of this report, an electronic copy is available at www.centralbank.gov.so 55 Corso Somalia P. O. Box 11 Mogadishu, Somalia Phone: + (252) 1866131 + (252) 1866151 + (252) 1866152 Fax: +2521241152 Email:
[email protected] Website: www.centralbank.gov.so ii CENTRAL BANK OF SOMALIA ANNUAL REPORT iii CENTRAL BANK OF SOMALIA ANNUAL REPORT iv CENTRAL BANK OF SOMALIA ANNUAL REPORT Mr. Bashir Isse Ali - Governor and Chairman Ms. Maryan Abdullahi Yusuf - Deputy Governor Mr. Abdirashid Mohamed Siraaji - Member Dr. Omar Ibrahim Hussein - Member s Board of Directors of s Board Mr. Maya Mohamed Shekhuna - Member CBS’ Mr. Yusuf Mohamed Ali - Member Ms. Hodan Said Isse - Member v CENTRAL BANK OF SOMALIA ANNUAL REPORT LIST OF ACRONYMS CPI Consumer Price Index RDNA Rapid Drought Needs Assessment FAO Food and Agriculture Organization AML/CFT Anti-money Laundering and Combating Financing of Terrorism CBS Central Bank of Somalia FGS Federal Government of Somalia GDP Gross Domestic Product UN United Nations UAE United Arab Emirates US United States of America IMF International Monetary Fund FMS Federal Member States UAE United Arab Emirates AFDB