SOS to ETB

SOS - Somali Shilling (S)
ETB - Ethiopian Birr (ብር)
1 SOS1 ETB

Currency conversion rates from SOS to ETB

SOSETB
1 SOS1 ETB
5 SOS5 ETB
10 SOS10 ETB
20 SOS20 ETB
50 SOS50 ETB
100 SOS100 ETB
250 SOS250 ETB
500 SOS500 ETB
1000 SOS1000 ETB
2000 SOS2000 ETB
5000 SOS5000 ETB
10000 SOS10000 ETB
ETBSOS
1 ETB1 SOS
5 ETB5 SOS
10 ETB10 SOS
20 ETB20 SOS
50 ETB50 SOS
100 ETB100 SOS
250 ETB250 SOS
500 ETB500 SOS
1000 ETB1000 SOS
2000 ETB2000 SOS
5000 ETB5000 SOS
10000 ETB10000 SOS

ETB - Ethiopian Birr (Br)

Ethiopian Birr

The official currency of Ethiopia is the Ethiopian Birr (ETB). The Ethiopian Birr is subdivided into santim; 100 santim = 1 ETB. Br is the symbol used for the Birr. The Nigerian Naira is rated the most-used currency in Africa, the Birr is rated second.

The Ethiopian Birr is the currency in Ethiopia (ET, ETH). The Ethiopian Birr is also known as Birrs. The symbol for ETB can be written Br. The Ethiopian Birr is divided into 100 cents. The exchange rate for the Ethiopian Birr was last updated on May 24, 2019 from Yahoo Finance. The ETB conversion factor has 3 significant digits.

Economy

  • Ethiopia’s economy is mainly based on the agricultural industry, which forms 80% of the yearly GDP.
  • There are no private businesses and no patent laws apply in Ethiopia.
  • Unemployment rate among youth is estimated at 70%.
  • The main industries are metals, cement, textiles, food processing, and cement.
  • Export products are leather, oilseeds, coffee, flowers, gold, qat, and live animals.
  • Import products are motor vehicles, textiles, cereals, petroleum, food, and chemicals.

History

  • During the 18th and 19th centuries the currency for Ethopia was the Maria Theresa Taler, also known as the Birr, which means silver. The Taler became the official coin in 1855, but the Indian Rupee and the Mexican Dollar were used for foreign trading.
  • In 1893, the Birr was introduced as the standard unit. It was subdivided into 20 girsch.
  • A new range of Ethiopian coins appeared in 1903.
  • The Bank of Ethiopia was formed in 1931. At that time the Birr became equal to the mentonnyas. 1 Birr = 100 metonnyas.
  • During the mid 1930s the currencies circulated were the Birr and the Talari.
  • From 1936 to 1941 Italy occupied Ethopia and the Italian Lira was used.
  • In 1945, the second Birr was introduced; 2 schillings = 1 birr.
  • In 1976, the Birr was made the official currency.

More information about ETB - Ethiopian Birr (Br)


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.)