
News 21 August 2008
The Advisory Board of NBOS published interest and exchange rates for the Somali Currency Unit (SCU) for the month of September. The official Base Lending Rate is 4.975% and the exchange rate remains unchanged at 1SCU= 1EUR.
The Advisory Board also noted the importance of reducing the use payments by bank notes within the Somali economy and welcomed the government’s intended Emergency Regulations that will restrict the circulation of foreign currency within the Somali Republic.