Convert Libyan Dinar to Somali Shilling
Please provide values below to convert Libyan Dinar [LYD] to Somali Shilling [SOS], or Convert Somali Shilling to Libyan Dinar.
How to Convert Libyan Dinar to Somali Shilling
1 LYD = 0.00949881667283821 SOS
Example: convert 15 LYD to SOS:
15 LYD = 15 × 0.00949881667283821 SOS = 0.142482250092573 SOS
Libyan Dinar to Somali Shilling Conversion Table
| Libyan Dinar | Somali Shilling |
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Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.
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.