Hargeisa: Somaliland could soon issue a new commemorative banknote after Mr. Abdul Rafay Afzal, Editor-in-Chief of The Advocate Post, formally submitted a proposal to the Bank of Somaliland. The initiative was discussed during a high-level meeting with Mr. Hamse Khaire, Deputy Governor of the Bank, focusing on the country’s efforts to modernize its banking system and strengthen financial institutions.

Afzal’s proposal outlines the concept, symbolic significance, and objectives of the commemorative note, emphasizing Somaliland’s progress, institutional maturity, and national identity. According to sources, the proposal received a positive reception and is expected to be presented at an upcoming Board of Directors meeting for formal consideration.

If approved, the commemorative banknote is likely to attract significant attention from the global numismatic community, where collectors follow the issuance of unique and symbolic currencies. Observers note that such an initiative could also serve as a tool to enhance Somaliland’s international visibility and showcase its economic and institutional developments as well as a produce revenue to the Central Bank. This imitative will also show the progressiveness and the development of the Somaliland since 1991-2026 also soft diplomacy at international level.

The proposed banknote comes at a time when Somaliland, following recent diplomatic recognition efforts, is seeking to project an image of stability, progressiveness, and innovation in both financial and state-building domains. Officials say that combining financial modernization with symbolic initiatives like this reflects the country’s commitment to institutional development and international engagement.

Further updates are expected in the coming months as the proposal moves through formal approval channels.