Convert Chinese Yuan to Somali Shilling
Please provide values below to convert Chinese Yuan [CNY] to Somali Shilling [SOS], or Convert Somali Shilling to Chinese Yuan.
How to Convert Chinese Yuan to Somali Shilling
1 CNY = 0.0125540827062038 SOS
Example: convert 15 CNY to SOS:
15 CNY = 15 × 0.0125540827062038 SOS = 0.188311240593057 SOS
Chinese Yuan to Somali Shilling Conversion Table
| Chinese Yuan | Somali Shilling |
|---|
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.