Convert Kuwaiti Dinar to Somali Shilling
Please provide values below to convert Kuwaiti Dinar [KWD] to Somali Shilling [SOS], or Convert Somali Shilling to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Somali Shilling
1 KWD = 0.000534439685314073 SOS
Example: convert 15 KWD to SOS:
15 KWD = 15 × 0.000534439685314073 SOS = 0.0080165952797111 SOS
Kuwaiti Dinar to Somali Shilling Conversion Table
| Kuwaiti Dinar | Somali Shilling |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.