Convert Somali Shilling to Cayman Islands Dollar
Please provide values below to convert Somali Shilling [SOS] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Somali Shilling.
How to Convert Somali Shilling to Cayman Islands Dollar
1 SOS = 685.754950198008 KYD
Example: convert 15 SOS to KYD:
15 SOS = 15 × 685.754950198008 KYD = 10286.3242529701 KYD
Somali Shilling to Cayman Islands Dollar Conversion Table
| Somali Shilling | Cayman Islands Dollar |
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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.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.