Somalia Currency

You might be thinking about what is Somalia currency. Somalia currency is Somal Shilling. Somalia currency is represented as SO or SOM. It is divided into 100 senti or also known as centesimi. Somalia currency unregulations were previously at its peak. But now it controlled and the situation is much better. If you got a chance to visit Somalia for any official work, they must get enough information regarding the Somalia currency.

History of Somalia Currency

Somalia currency is originated in the 19 century. Initially, they used metallic coins. Later on, in 1990, the very first Somalia currency note was issued. While the second Somalia currency note was issued in 1996. Although Somalia is a poor country. And its country is much devalued.

Somalia Currency to PKR & USD

Somalia currency to pkr and Somalia currency to USD exchange rate can be verified through many sources like online exchange calculators, or exchange offices. After the recent issuance of the Internation Monetary Fund (IMF) Somalia currency exchange rates are revised. The  Somalia currency rate should be confirmed before any exchange. If you have US dollars, then you will be glad to know that they are widely accepted in Somalia. It is also important to know that there is the absence of official Somalia currency exchange rates. Somalia currency is regulated by the Bank of Somaliland. Owing to the unstable scenarios of the country, it is not recommended in the Somalia currency or to finance any sort of business in Somalia. But on the other hand, neighbor countries invest in many of the things in Somalia.

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