Convert Peruvian Nuevo Sol to Somali Shilling
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Somali Shilling [SOS], or Convert Somali Shilling to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Somali Shilling
1 PEN = 0.00622585484100157 SOS
Example: convert 15 PEN to SOS:
15 PEN = 15 × 0.00622585484100157 SOS = 0.0933878226150235 SOS
Peruvian Nuevo Sol to Somali Shilling Conversion Table
| Peruvian Nuevo Sol | Somali Shilling |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.