SOS (Sh)

Currency: Somali Shilling

The Somali Shilling is the official currency of Somalia. One US dollar is worth around 580.00 SOS. The Somali Shilling (SOS) is the currency of Somalia, which is situated in the Horn of Africa. It was first introduced in 1962, replacing the East African shilling. The shilling is subdivided into 100 cents. The Central Bank of Somalia is responsible for issuing and managing the currency. The shilling is widely used throughout the country and is accepted at most major businesses, including hotels, restaurants, and shops. The currency has experienced significant fluctuations in recent years, due in part to political instability and economic uncertainty in the country. Despite these challenges, the shilling remains an important currency in the region.