SOS to ARS
Currency conversion rates from SOS to ARS
|1 SOS||1 ARS|
|5 SOS||5 ARS|
|10 SOS||10 ARS|
|20 SOS||20 ARS|
|50 SOS||50 ARS|
|100 SOS||100 ARS|
|250 SOS||250 ARS|
|500 SOS||500 ARS|
|1000 SOS||1000 ARS|
|2000 SOS||2000 ARS|
|5000 SOS||5000 ARS|
|10000 SOS||10000 ARS|
|1 ARS||1 SOS|
|5 ARS||5 SOS|
|10 ARS||10 SOS|
|20 ARS||20 SOS|
|50 ARS||50 SOS|
|100 ARS||100 SOS|
|250 ARS||250 SOS|
|500 ARS||500 SOS|
|1000 ARS||1000 SOS|
|2000 ARS||2000 SOS|
|5000 ARS||5000 SOS|
|10000 ARS||10000 SOS|
ARS - Argentine Peso ($)
The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.
The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.
- Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
- From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
- From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
- From 1983 to 1991, the Peso was replaced by the previous currencies.
- In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
- After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.
- Argentina’s economy is rated as a higher middle economy.
- The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
- During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
- The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
- Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
- Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.
SOS - Somali Shilling (Sh.So.)
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.
- 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.
- 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.