Canadian Dollar to Somali Shilling — exchange rate

Country of Circulation: Canada

Currency Code, Symbol: CAD, $

Denominations of coins in circulation: 5¢, 10¢, 25¢, $1, $2

Denominations of banknotes in circulation: $5, $10, $20, $50, $100

History: The Canadian dollar (symbol: CA$, code: CAD, number 124) is used for financial operations within Canada. The abbreviation of the currency used on the exchange market and in exchange offices is CAD. One Canadian dollar correlates to 100 cents.The currency was introduced in 1858. The government had used the Spanish real previously. Some types and denominations of the $ currency are not issued anymore. However, Canada officially accepts all types of currency units that have been issued since 1935. It should be mentioned that CAD is included in the list of the most traded world currencies, namely in the top ten.Read More

Country of Circulation: Somalia

Currency Code, Symbol: SOS, Sh.So.

Denominations of coins in circulation: None

Denominations of banknotes in circulation: 1000 shillings

History: The Somali shilling (So) is a currency used for payment in the Federal Republic of Somalia. For ease, and to avoid confusion, the currency is called SOS in the financial arena. The Somali shilling is formally subdivided into cents.SOS equals 100 cents. However, cents are actually not used in practice. The Somali shilling has become official in 1960. Before that, there were two currencies: the somalo and the West African shilling. Because of the fact that the power was taken by local criminal groups, due to a huge financial crisis, unstable political situation, the issuance of the shilling has been stopped several times. Since 2012, the currency has been issued again.Read More