In a strong public endorsement, Abdinasir A. Hersi, Governor of the Central Bank of the Republic of Somaliland, has warmly thanked U.S. Congressman John W. Rose and co-sponsors for introducing H.R.7993, legislation aimed at tackling long-standing barriers preventing Somaliland from accessing the U.S. financial system.
The bill, introduced on March 19, 2026, directs the U.S. Secretary of the Treasury to deliver a detailed report to Congress within 180 days, outlining legal, regulatory, and technical obstacles—including restrictions on international payment networks like SWIFT—and proposing solutions to overcome them.
Building on his January 29, 2026, formal letter to the U.S. Department of the Treasury, Governor Hersi described Somaliland’s inclusion in SWIFT and the broader international financial system as “not only a moral and human right—it is a strategic necessity.”
He highlighted ongoing reforms at the Central Bank, such as:
Bolstering policy and regulatory frameworks
Developing key infrastructure (national payment switch, instant payments, credit bureau, deposit insurance, core banking systems)
Upgrading IT and cybersecurity measures
Strengthening AML/CFT (anti-money laundering and counter-terrorism financing) compliance
Governor Hersi emphasized that granting access would end decades of political and financial isolation, boost regional stability and economic growth, align with U.S. strategic priorities, and curb dependence on opaque informal channels—ultimately enhancing global financial transparency.”
Somaliland stands ready as a credible, law-abiding, and forward-looking financial partner,” he declared, tagging key stakeholders including @USTreasury , @RepJohnRose
, @CentralBankSL, and @somalilandmfa.
The move follows similar praise from Somaliland’s presidential spokesman and reflects growing diplomatic momentum behind the republic’s economic integration, despite its lack of full international recognition.
