Convert Somali Shilling to Bermudan Dollar
Please provide values below to convert Somali Shilling [SOS] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Somali Shilling.
How to Convert Somali Shilling to Bermudan Dollar
1 SOS = 571.4396 BMD
Example: convert 15 SOS to BMD:
15 SOS = 15 × 571.4396 BMD = 8571.594 BMD
Somali Shilling to Bermudan Dollar Conversion Table
| Somali Shilling | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.