Convert Namibian Dollar to Somali Shilling
Please provide values below to convert Namibian Dollar [NAD] to Somali Shilling [SOS], or Convert Somali Shilling to Namibian Dollar.
How to Convert Namibian Dollar to Somali Shilling
1 NAD = 0.0307411316961583 SOS
Example: convert 15 NAD to SOS:
15 NAD = 15 × 0.0307411316961583 SOS = 0.461116975442374 SOS
Namibian Dollar to Somali Shilling Conversion Table
| Namibian Dollar | Somali Shilling |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.