Convert Somali Shilling to Mongolian Tugrik
Please provide values below to convert Somali Shilling [SOS] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Somali Shilling.
How to Convert Somali Shilling to Mongolian Tugrik
1 SOS = 0.160981199465154 MNT
Example: convert 15 SOS to MNT:
15 SOS = 15 × 0.160981199465154 MNT = 2.4147179919773 MNT
Somali Shilling to Mongolian Tugrik Conversion Table
| Somali Shilling | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.