Convert Norwegian Krone to Somali Shilling
Please provide values below to convert Norwegian Krone [NOK] to Somali Shilling [SOS], or Convert Somali Shilling to Norwegian Krone.
How to Convert Norwegian Krone to Somali Shilling
1 NOK = 0.0176953084805463 SOS
Example: convert 15 NOK to SOS:
15 NOK = 15 × 0.0176953084805463 SOS = 0.265429627208195 SOS
Norwegian Krone to Somali Shilling Conversion Table
| Norwegian Krone | Somali Shilling |
|---|
Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.