Convert Cayman Islands Dollar to Somali Shilling
Please provide values below to convert Cayman Islands Dollar [KYD] to Somali Shilling [SOS], or Convert Somali Shilling to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Somali Shilling
1 KYD = 0.00145824685583568 SOS
Example: convert 15 KYD to SOS:
15 KYD = 15 × 0.00145824685583568 SOS = 0.0218737028375352 SOS
Cayman Islands Dollar to Somali Shilling Conversion Table
| Cayman Islands Dollar | Somali Shilling |
|---|
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.
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.