Convert Mozambican Metical to Somali Shilling
Please provide values below to convert Mozambican Metical [MZN] to Somali Shilling [SOS], or Convert Somali Shilling to Mozambican Metical.
How to Convert Mozambican Metical to Somali Shilling
1 MZN = 0.111336876198289 SOS
Example: convert 15 MZN to SOS:
15 MZN = 15 × 0.111336876198289 SOS = 1.67005314297434 SOS
Mozambican Metical to Somali Shilling Conversion Table
| Mozambican Metical | Somali Shilling |
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Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
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.