Convert New Zealand Dollar to Somali Shilling
Please provide values below to convert New Zealand Dollar [NZD] to Somali Shilling [SOS], or Convert Somali Shilling to New Zealand Dollar.
How to Convert New Zealand Dollar to Somali Shilling
1 NZD = 0.00292069363061293 SOS
Example: convert 15 NZD to SOS:
15 NZD = 15 × 0.00292069363061293 SOS = 0.0438104044591939 SOS
New Zealand Dollar to Somali Shilling Conversion Table
| New Zealand Dollar | Somali Shilling |
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.