Convert Somali Shilling to Chinese Yuan (Offshore)
Please provide values below to convert Somali Shilling [SOS] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Somali Shilling.
How to Convert Somali Shilling to Chinese Yuan (Offshore)
1 SOS = 79.6818079963255 CNH
Example: convert 15 SOS to CNH:
15 SOS = 15 × 79.6818079963255 CNH = 1195.22711994488 CNH
Somali Shilling to Chinese Yuan (Offshore) Conversion Table
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.