Convert Malaysian Ringgit to Somali Shilling
Please provide values below to convert Malaysian Ringgit [MYR] to Somali Shilling [SOS], or Convert Somali Shilling to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Somali Shilling
1 MYR = 0.00740480708722322 SOS
Example: convert 15 MYR to SOS:
15 MYR = 15 × 0.00740480708722322 SOS = 0.111072106308348 SOS
Malaysian Ringgit to Somali Shilling Conversion Table
| Malaysian Ringgit | Somali Shilling |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.