ISO 4217 Code：None
User：Somaliland
Symbol：Sl. Sh.
Coins：1, 5, 10, 20 shillings
Banknotes：5, 10, 20, 50, 100, 200, and 500 shillings
Central bank：Bank of Somaliland
Website：http://www.somalilandgov.com/bank.htm
The Somaliland shilling is the official currency of the self declared Republic of Somaliland, which has been a de facto-independent state since 1991. It was introduced around October 1994.
Coins
Nominally, one Somaliland shilling is divided into 100 cents, but coins denominated in cents have never been issued, probably due to the low value of one shilling. The coin with the lowest value is the one shilling coin, first minted in 1994 at the Pobjoy Mint in England and therefore bearing the PM mintmark. In 2002, 2 and 5 shilling coins were issued, bearing depictions of the explorer Sir Richard Burton and of a rooster, respectively. Other coins that have been issued at some point are the 10 shilling coin , the 20 shilling coin , and a silver 1,000 shilling coin . The reverse side of the 1,000 shilling coin contains an interesting error: Instead of depicting the Coat of arms of Somaliland, they depict the Coat of arms of Somalia instead.
Banknotes
Banknotes are issued with denominations of 5, 10, 20, 50, 100, and 500 shillings. The 500 shilling has the most recent issue of 2005 . Other dates of issue include, 1994, 1996, 1999, and 2002.
Exchange rates
The central bank provides exchange services for various currencies at the official government rate, but most people prefer the better, although unofficial, rates provided by the Hawala agents and moneychangers found on the streets of main cities.
In November 2000 the official exchange rate of the Somaliland Central Bank was 4,550 shillings for 1 US dollar. Unofficial exchange rates at the time were fluctuating between 4,000 and 5,000 shillings per dollar.
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