Convert Somali Shilling to Cuban Convertible Peso
Please provide values below to convert Somali Shilling [SOS] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Somali Shilling.
How to Convert Somali Shilling to Cuban Convertible Peso
1 SOS = 571.4396 CUC
Example: convert 15 SOS to CUC:
15 SOS = 15 × 571.4396 CUC = 8571.594 CUC
Somali Shilling to Cuban Convertible Peso Conversion Table
| Somali Shilling | Cuban Convertible Peso |
|---|
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.
Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.