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Somali Shilling

SOS is the currency of Somalia. It is subdivided into 100 cents and is the only legal tender in the country. The Somali shilling has been the currency of Somalia since the early 1960s and has undergone several devaluations since then. The shilling is pegged to the US dollar at a rate of 1,000 to 1. Somalia is a country located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Indian Ocean to the east, and Kenya to the southwest. Somalia has the longest coastline on the continent, and its terrain consists mainly of plateaus, plains, and highlands. The climate is generally hot and dry. The Somali economy is largely based on agriculture, livestock, and fishing. Remittances from Somalis living abroad are also an important source of income. Somalia is a member of the Arab League, the African Union, and the United Nations. Somalia has been plagued by civil war and instability since the early 1990s. In 1991, the government of Siad Barre was overthrown by a rebel group led by Mohamed Farrah Aidid. This sparked a civil war that lasted for more than two years and resulted in the deaths of thousands of people. In 2000, another rebel group, the Islamic Courts Union, seized control of much of the country. This led to a period of stability and economic growth. However, in 2006, the Islamic Courts Union was ousted by the Somali government and Ethiopian forces. This led to a new outbreak of violence and a resurgence of the civil war. In 2009, a group of pirates based in Somalia began attacking ships in the Indian Ocean, resulting in a decrease in maritime trade. The Somali shilling is the official currency of Somalia. It is subdivided into 100 cents. The shilling is pegged to the US dollar at a rate of 1,000 to 1. Somalia is a country located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Indian Ocean to the east, and Kenya to the southwest. Somalia has the longest coastline on the continent, and its terrain consists mainly of plateaus, plains, and highlands. The climate is generally hot and dry. The Somali economy is largely based on agriculture, livestock, and fishing. Remittances from Somalis living abroad are also an important source of income. Somalia is a member of the Arab League, the African Union, and the United Nations. Somalia has been plagued by civil war and instability since the early 1990s. In 1991, the government of Siad Barre was overthrown by a rebel group led by Mohamed Farrah Aidid. This sparked a civil war that lasted for more than two years and resulted in the deaths of thousands of people. In 2000, another rebel group, the Islamic Courts Union, seized control of much of the country. This led to a period of stability and economic growth. However, in 2006, the Islamic Courts Union was ousted by the Somali government and Ethiopian forces. This led to a new outbreak of violence and a resurgence of the civil war. In 2009, a group of pirates based in Somalia began attacking ships in the Indian Ocean, resulting in a decrease in maritime trade.

Used in

Currency creation
1960-07-01