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Live SOS Exchange Rates

SOS flagSomali Shilling
(SOS) Insights

Currency of failed-state-rebuilding nation; economy primarily relies on remittances (hawala), livestock exports, and telecommunications (Somali diaspora-backed Hormuud telecom); Al-Shabaab controls significant territory; federal government reconstruction ongoing

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SOSSomali Shilling

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Currency Snapshot

Technical specifications, central bank governance, and market standing for Somali Shilling.

ISO Code

SOS

Standardized ISO 4217 Currency Code

Symbol

Sh.So.

Unicode Glyphs & Display Symbol

Minor Unit

1/100 = Cent Decimals

Subdivision unit definition

Region

Somalia

SOS Primary AreaGlobal Trade
Central Bank

Central Bank of Somalia (CBS)

Central Bank of Somalia (CBS)

Pegged Currency

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Market-determined exchange rate mechanism

Currency Standard: Fiat (severely distorted, largely dollarised)

Classified as Fiat (severely distorted, largely dollarised) in global trade networks

Banknotes

Sh.So. 5

Coins

Sh.So. 1

Global Network Integration

The FX Intelligence terminal maps the institutional footprint of the Somali Shilling, highlighting cross-border utilization and primary trading corridors.

Fiat (severely distorted, largely dollarised)
Classification
USD/SOS
Top Pair Mapping
Somalia; USD dominates; Somaliland uses own shilling (not recognised)
Main Adoption Regions
Somali Shilling Trading Terminal

Verified Authority

Regulated data streams mapped to Central Bank of Somalia (CBS).

Economic Intelligence

SOS Market Insights

Deep-dive analysis of the Somali Shilling's global impact, remittance role, and institutional influence.

Strong Currency Impact

Strong Currency Impact

N/A; dollarised economy; remittances in USD dominate

Weak Currency Impact

Weak Currency Impact

N/A; no effective monetary policy; USD and hawala dominate

Remittance Role

Remittance Role

Somalia is one of world's most remittance-dependent economies (~$2+ billion/year, ~25% GDP from diaspora in USA, UK, Gulf, Scandinavia); hawala system dominates transfers

Central Bank Tools

Central Bank Tools

Very limited tools; USD management; Islamic finance development

Support & Resources

Common Questions About Somali Shilling

Everything you need to know about SOS exchange rates, banknotes, and historical significance.

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