Economic
Somalia caps dollar cash exports to stem capital outflows
Somalia imposes a cap on dollar cash exports to stabilize the Somali shilling and curb capital flight.
Somalia has announced a cap on dollar cash exports, limiting banks to no more than $15 million per transfer. The measure is designed to reduce capital outflows, bolster foreign exchange reserves, and stabilize the Somali shilling, which has been under persistent inflationary and currency pressure. The policy reflects broader efforts by financial authorities to tighten financial oversight, support the formal banking system, and restore confidence in the national currency amid ongoing economic challenges.
- Status
- active
- Location
- Somalia
- Date added
- 2026-03-25 14:21 UTC
- Last updated
- 2026-03-25 14:21 UTC
- Connected threats
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- Not Available