Convert Bosnia-Herzegovina Convertible Mark to Somali Shilling
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Somali Shilling [SOS], or Convert Somali Shilling to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Somali Shilling
1 BAM = 0.00291736869478419 SOS
Example: convert 15 BAM to SOS:
15 BAM = 15 × 0.00291736869478419 SOS = 0.0437605304217629 SOS
Bosnia-Herzegovina Convertible Mark to Somali Shilling Conversion Table
| Bosnia-Herzegovina Convertible Mark | Somali Shilling |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.