COU to SOS

COU - Colombian Real Value Unit (COU)
SOS - Somali Shilling (S)
1 COU1 SOS

Currency conversion rates from COU to SOS

COUSOS
1 COU1 SOS
5 COU5 SOS
10 COU10 SOS
20 COU20 SOS
50 COU50 SOS
100 COU100 SOS
250 COU250 SOS
500 COU500 SOS
1000 COU1000 SOS
2000 COU2000 SOS
5000 COU5000 SOS
10000 COU10000 SOS
SOSCOU
1 SOS1 COU
5 SOS5 COU
10 SOS10 COU
20 SOS20 COU
50 SOS50 COU
100 SOS100 COU
250 SOS250 COU
500 SOS500 COU
1000 SOS1000 COU
2000 SOS2000 COU
5000 SOS5000 COU
10000 SOS10000 COU

COU - ()

More information about COU - ()


SOS - Somali Shilling (Sh.So.)

Somali Shilling

The Somalia Shilling has been the official currency of Somalia since 1962. Somalia was previously referred to as the Somalia Democratic Republic. The country is situated in the horn of Africa and was barely recognized by other countries. The currency symbol is Sh.So. The currency has been listed as one of the world’s worst currencies, with an incredibly high exchange rate against the US Dollar.

The Somali Shilling is the currency in Somalia (SO, SOM). The symbol for SOS can be written So Sh. The Somali Shilling is divided into 100 centesimi. The exchange rate for the Somali Shilling was last updated on May 24, 2019 from Yahoo Finance. The SOS conversion factor has 4 significant digits.

Economy

  • The economy of Somalia was extremely hampered by the civil war and the action of government officials in the 1990s, when Mahammad Said Barred was in power.
  • Agriculture and manufacturing contribute a great deal to the Somalian economy. Agricultural produce like maize, bananas, sugar, and seafood account for millions of dollars each year. Products such as pasta, plastic bags, soap, fabric aluminum are manufactured for local use as well as for export.
  • Residents and small businesses rear large numbers of sheep, goats, and cattle. Camels are also reared in areas where the environment is suitable.
  • Telecommunication is also a major contributor to economic growth in the region. Efficient and effective services are offered at low cost.

History

  • In 1921, the Shilling was made the official currency of Somalia.
  • In 1962, banknotes were distributed in denominations of 100 shillings, 20 shillings, 10 shillings, and 5 shillings.
  • In 1967, new coins were distributed with values of 50 cents, 10 cents, 5 cents, and 1 Somali shilling.
  • As a result of rising inflation, advanced additional Shilling notes were issued in denominations of 500 and 100 shilling banknotes.
  • Due to civil unrest in the country, new Shillings were issued that were equivalent to 100 of the previous Shillings.

More information about SOS - Somali Shilling (Sh.So.)