Convert Israeli New Sheqel to Somali Shilling
Please provide values below to convert Israeli New Sheqel [ILS] to Somali Shilling [SOS], or Convert Somali Shilling to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Somali Shilling
1 ILS = 0.00585363702480542 SOS
Example: convert 15 ILS to SOS:
15 ILS = 15 × 0.00585363702480542 SOS = 0.0878045553720813 SOS
Israeli New Sheqel to Somali Shilling Conversion Table
| Israeli New Sheqel | Somali Shilling |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.