Euro to Somali Shilling — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

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

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.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