| (in Arabic)|
Shilin Somaliland (in Somali)
|Banknotes||5, 10, 20, 50, 100, 500, 1000 and 5000 Somaliland shillings|
|Coins||1, 5, 10, 20 Somaliland shillings|
|Bank of Somaliland (Baanka Somaliland)|
|Pegged with||U.S. dollar = ~8500 SL Shillings|
The shilling has been the currency of parts of Somalia since 1921, when the East African shilling was introduced to the former British Somaliland protectorate. Following the 1960 independence and unification of the former territories of British Somaliland and Italian Somaliland, their respective currencies, the East African shilling and somalo (which were equal in value) were replaced at par in 1962 by the Somali shilling. Names used for its denominations were cent (singular: centesimo; plural: centesimi) and (plural), along with shilling (singular: scellino; plural: scellini) and .
In September 1994, the Parliament of Somaliland endorsed President Egal's plans to introduce a new form of currency to replace the Somali shilling. The Somaliland (SL) shilling was introduced on 18 October 1994 at a rate of one new Somaliland shilling to 100 Somali shillings. The Somali shilling ceased to be accepted as legal tender in Somaliland on 31 January 1995.
The Somaliland shilling is pegged to the United States dollar at a rate of 8,500 shillings to 1 dollar. Only the 100, 500, 1,000 and 5,000 Somaliland shilling banknotes are currently in circulation.
Nominally, one Somaliland shilling (symbol "/-") is divided into 100 cents, but coins denominated in cents have never been issued due to their low value. The coin with the lowest value to have been issued is the one shilling coin, first minted in 1994 at the Pobjoy Mint in England and thus bearing the PM mint mark. In 2002, 2 and 5 shilling coins were issued, bearing depictions of explorer Sir Richard Burton and a rooster, respectively. Other coins that have been issued are the 10 shilling coin (depicting a monkey) and 20 shilling coin (depicting a dog). Somaliland coins are not currently being minted or circulated.
This was the first coin issued by the Somaliland government. The coin depicts a Somali pigeon (Columba oliviae). The PM (Pobjoy Mint) mint mark is located near the bird's tail feathers. The words "REPUBLIC OF SOMALILAND 1994" are inscribed on the obverse of the coin; the reverse of the coin bears the words "BAANKA SOMALILAND" and "ONE SOMALILAND SHILLING" around the "1/-" in the centre.
There are two coins in this denomination, both issued in 2002. The first bears a portrait of Sir Richard Francis Burton, the second depicts a rooster.
The specifications of the first coin are as follows:
The obverse of the coin has the words "RICHARD F. BURTON EXPLORATION OF SOMALILAND" inscribed around Burton's portrait. The dates "1841 1904" are to the left of the portrait, and "2002" is to the right. "BAANKA SOMALILAND" and "FIVE SOMALILAND SHILLINGS" are inscribed on the reverse around the "5/-" in the centre.
The specifications of the second coin are as follows:
The obverse of this coin has the words "REPUBLIC OF SOMALILAND 2002" inscribed on it and depicts a rooster. As with the other 5/- coin, the dates "1841 1904" are to the left of the portrait, and "2002" is to the right. 'BAANKA SOMALILAND' and 'FIVE SOMALILAND SHILLINGS' are also inscribed on the reverse around the "5/-" in the centre.
The 10/- coin obverse depicts a monkey, around which the words "REPUBLIC OF SOMALILAND 2002" are inscribed. The reverse of the coin has "BAANKA SOMALILAND" and "TWENTY SOMALILAND SHILLINGS" inscribed around the "20/-" in the centre.
The obverse of the 20/- coin depicts a greyhound and has the words "REPUBLIC OF SOMALILAND 2002" inscribed around it. The reverse has "BAANKA SOMALILAND" and "TWENTY SOMALILAND SHILLINGS" inscribed around the "20/-" in the centre.
|Obverse||Reverse||Value||Obverse||Reverse||Date of issue|
|1 Somaliland shilling||The obverse depicts a Somali pigeon (Columba oliviae)||"BAANKA SOMALILAND" and "ONE SOMALILAND SHILLING" appear above and below the "1/-" in the center||1994|
|5 Somaliland shillings||There were two coins of this denomination, both issued in 2002. The first coin obverse has a portrait of Sir Richard Francis Burton, while the second depicts a rooster.||"BAANKA SOMALILAND" and "FIVE SOMALILAND SHILLINGS" appear above and below the "5/-" in the center||1994|
|10 Somaliland shillings||The obverse depicts a monkey||"BAANKA SOMALILAND" and "TEN SOMALILAND SHILLINGS" appear above and below the "10/-" in the center||2002|
|20 Somaliland shillings||The obverse depicts a greyhound||"BAANKA SOMALILAND" and "TWENTY SOMALILAND SHILLINGS" appear above and below the "20/-" in the center||2002|
Banknotes were issued in denominations of 5, 10, 20, 50, 100, 500, 1,000 and 5,000 Somaliland shillings; dates of issue range from 1994 to 2011. Currently, only the 100, 500, 1,000 and 5,000 Somaliland shilling notes are in circulation.
|1996-1996 notes |
|Obverse||Reverse||Value||Main Colour||Obverse||Reverse||Date(s) of issue|
|5 Somaliland shillings||Green||Camel caravan in front of Naasa Hablood Hills near Hargeisa||Goodirka Building (Former House of Representatives, later Supreme Court) in Hargeisa, and a kudu to the right||1994|
|10 Somaliland shillings||Purple||1994, 1996|
|20 Somaliland shillings||Brown|
|50 Somaliland shillings||Blue||1996, 1996, 1999|
|100 Somaliland shillings||Khaki||Berbera dockside with Somali sheep and goats||Bank of Somaliland in Hargeisa||1994, 1996, 1999, 2002, 2005, 2006, 2008, 2011|
|500 Somaliland shillings||Blue|
|1000 Somaliland shillings||Red||2011, 2012, 2014, 2015|
|5000 Somaliland shillings||Green||Three camels and three goats foraging||2011, 2012, 2015|
|colspan="7"|These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table. |}
In 1996 and 1999, regular 50 Somaliland shilling notes were reissued in a larger size (130 × 58 or 130 × 57 mm by difference sources).
In 1996, banknotes were overprinted with the phrase "5th Anniversary of Independence 18 May 1996 Sanad Gurada 5ee Gobanimadda 18 May 1996" in bronze/gold letters, or "Sanad Gurada 5ee Gobanimadda 18 May 1996" in silver letters to commemorate the fifth anniversary of de facto independence. However, it is unclear whether these notes were overprinted by Somaliland authorities or numismatic merchants.
The central bank provides exchange services for various currencies at the official government rate, but most people prefer the unofficial rates used by hawala agents and money changers on the streets of main cities.
In November 2000, the official exchange rate of Baanka Somaliland was 4,550 shillings for 1 US dollar. Unofficial exchange rates at the time fluctuated between 4,000 and 5,000 shillings per dollar. In December 2008, the official rate had fallen to 7,500 shillings per US dollar.
In December 2015, the generally recognized exchange rate was 6,000 shillings per US dollar, and by July 2019, the generally recognized exchange rate had dropped to 8,500 shillings per US dollar.