The Somali shilling is the official currency of Somalia. It is subdivided into 100 senti, cents or centesimi.
The Somali shilling ceased to be accepted as legal tender in Somaliland on 31 January 1995. The Somaliland shilling is pegged to the United States dollar at a rate of 8,500 shillings to 1 dollar. Only the 100, 500, 1,000 and 5,000 Somaliland shilling banknotes are currently in circulation.
- 5, 10, 20, 50, 100, 500, 1000 and 5000 Somaliland shillings
- Sl. Sh.
- 1, 5, 10, 20 Somaliland shillings
- Bank of Somaliland (Baanka Somaliland)
- British Isles
- British Empire
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand and other British Commonwealth countries. Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia and Somaliland. The East African Community additionally plans to introduce an East African shilling.
The word shilling comes from Old English "Scilling", a monetary term meaning twentieth of a pound, from the Proto-Germanic root skiljaną meaning 'to separate, split, divide', from kelH- meaning 'to cut, split.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent. There is evidence that it may alternatively be an early borrowing of Phoenician shekel, Punic sql meaning 'weigh' and 'coin'. The two meanings given in the literature in ...
A shilling was a coin used in England from the reign of Henry VII. The shilling continued in use after the Acts of Union of 1707 created a new United Kingdom from the Kingdoms of England and Scotland, and under Article 16 of the Articles of Union, a common currency for the new Un
The term shilling was in use in Scotland from early medieval times.
Slang terms for the old shilling coins include "bob" and "hog". While the derivation of "bob" is uncertain, John Camden Hotten in his 1864 Slang Dictionary says the original version was "bobstick" and speculates that it may be connected with Sir Robert Walpole. One abbreviation f
Australian shillings, twenty of which made up one Australian pound, were first issued in 1910, with the Australian coat of arms on the reverse and King Edward VII on the face. The coat of arms design was retained through the reign of King George V until a new ram's head design wa
New Zealand shillings, twenty of which made up one New Zealand pound, were first issued in 1933 and featured the image of a Maori warrior carrying a taiaha "in a warlike attitude" on the reverse. In 1967, New Zealand's currency was decimalised and the shilling was replaced by a t
The shilling was used in Malta, prior to decimalisation in 1972, and had a face value of five Maltese cents.
- Modern History
- Historical Exchange Rates
- See Also
- External Links
The shilling has been the currency of parts of Somalia since 1921, when the East African shilling was introduced to the former British Somaliland protectorate. Following independence in 1960, the somalo of Italian Somalilandand the East African shilling (which were equal in value) were replaced at par in 1962 by the Somali shilling. Names used for the denominations were cent (singular: centesimo; plural: centesimi) and سنت (plural: سنتيمات) together with shilli...
On 15 October 1962, the Banca Nazionale Somala (National Bank of Somalia) issued notes denominated as 5, 10, 20 and 100 scellini/shillings. In 1975, the Bankiga Qaranka Soomaaliyeed (Somali National Bank) introduced notes for 5, 10, 20 and 100 shilin/shillings. These were followed in 1978 by notes of the same denominations issued by the Bankiga Dhexe Ee Soomaaliya (Central Bank of Somalia). 50 shilin/shillings notes were introduced in 1983, followed by 500 shilin/shi...
In terms of coins, the East African shilling and somalo initially circulated. In 1967, coins were issued in the name of the Somali Republic in denominations of 5, 10 and 50 cents/centesimi and 1 shilling/scellino. In 1976, when the Somali names for the denominations were introduced, coins were issued in the name of the Somali Democratic Republicfor 5, 10 and 50 senti and 1 shilling.
Following the breakdown in central authority that accompanied the civil war, which began in the early 1990s, the value of the Somali shilling was disrupted. The Central Bank of Somalia, the nation's monetary authority, also shut down operations. Rival producers of the local currency, including autonomous regional entities such as the Somaliland territory, subsequently emerged. These included the Na shilling, which failed to gain widespread acceptance,...
The Somaliland shilling is the official currency of Somaliland, a self-declared republic that is not internationally recognized and acts as an autonomous region of Somalia. The currency is not recognized as legal tender by the international community, and it currently has no official exchange rate. It is regulated by the Bank of Somaliland, the regions central bankand Somaliland people.
In the late 2000s, Somalia's newly established Transitional Federal Government revived the defunct Central Bank of Somalia. In terms of financial management, the monetary authority is in the process of assuming the task of both formulating and implementing monetary policy. Owing to a lack of confidence in the Somali shilling, the U.S. dollar is widely accepted as a medium of exchange alongside the Somali shilling. Dollarizationnotwithstanding, the...
Free market rates in Somalia: 1. 2000 SOS/USD in June 1991 2. 5000 SOS/USD in June 1993 3. 13,400 SOS/USD in March 2006 4. 14,406 SOS/USD in August 2006 5. 15,000 SOS/USD in February 2007 6. 25,000 SOS/USD in March 2008 7. 35,000 SOS/USD in July 2008 8. 28,250 SOS/USD in March 2009 9. 33,300 SOS/USD in February 2010 10. 27,000 SOS/USD in October 2011 11. 19,000 SOS/USD in December 2012 12. 15,000 SOS/USD in May 2013 13. 1,001 SOS/USD in March 2014 14. 725 SOS/USD in December 2014 15. 697.5 SOS/USD in April 2015
- Exchange Rates
- Use of Money
- Guitar Shaped Coin
The exchange rates in this article are probably based on very old official rates. In 2005, the free market change was around 20000 SOS per USD - and there is no official market anymore since 15 years! --126.96.36.19917:47, 20 June 2006 (UTC) 1. Could you provide any source? --Chochopk19:21, 20 June 2006 (UTC) It seems that the rate was around 20000 SOS per USD between 2002 and 2004, but not anymore in 2005: http://www.fsausomali.org/uploads/Other/7.pdf(page 2, with figure) Untill March 2006, the SOS recovered to 13400 per USD: http://www.fews.net/centers/files/Somalia_200603en.pdf (also page 2) --188.8.131.5223:11, 20 June 2006 (UTC) I just read in an old printed currency lexicon (Währungstabelle 1991/92, Schweizerische Bankgesellschaft, Zürich 1991) that the official value of the SOS was based on a currency basket until the breakdown of the political system in January 1991. As of June 15, 1990 this official rate was 1434.50 SOS/USD - that's quite close to the automatically create...
What about the 20 and 50 new shilling printed, how do they fit into the article? Enlil Ninlil06:03, 28 December 2006 (UTC) 1. New shilling? got link? --ChoChoPK (球球PK) (talk | contrib) 06:27, 28 December 2006 (UTC) 1. 1.1. Well under islamic banknotes they are recorded as Mogadishu North Forces amd The Banknotes of Somalia – Part 3 they are refered to as the New shilling to replace the old at 1000 old to 1 new shilling. Enlil Ninlil07:00, 28 December 2006 (UTC) 1. 1.1. 1.1.1. Oh yeah, I have those 2. 20 shilling can be quite rare. I didn't know it's meant for "new" shilling (1000 old shilling). A second source for the ratio would be nice. is a nice resource. Somalia and Somaliland are a mess. I currently don't have time to do the research. --ChoChoPK (球球PK) (talk | contrib) 08:40, 28 December 2006 (UTC)
Re the discussion on Wikipedia talk:WikiProject Numismatics/Style, should this be moved to Somali shilin? Given the use of several languages on this currency, it's going to be awkward whatever we do, but shilin is the Somali name, so I'm in favour. Dove195016:43, 27 May 2007 (UTC)
If the highest banknote (1000) is worth a few US cents, how do people pay for anything worthwhile? Do they carry huge wads? Or use foreign currency? 184.108.40.206 (talk) 00:51, 4 February 2009 (UTC) 1. They use mainly foreign currency. Passportguy (talk) 10:11, 11 February 2009 (UTC)
Apparently in 2004 the government of Somalia created a coin the shape of famous guitars that is circulating around the internet. Is these true Somali coins or not? I mean the back of the coins are written "1 dollar" even though Somalia's currency is called theshilling not the dollar. — Preceding unsigned comment added by 220.127.116.11 (talk) 06:27, 21 July 2020 (UTC)
Lacagta Shillin Soomaaliga waxaa loo sii kala qeybiyaa (loo jejebiya) 100 senti (English: cents, Af-Talyaani: centesimi ). Lacagta shilinka soomaaliga ah waxaa bangiga dhexe soo saartay taariikhda marka ee eheed 1962i.Markii hore waxaa la isticmaali jiray lacagta talyaaniga. Shilinka soomaaliga (1 Taano) (1 Cent) Kumi (10 Cent) Nus Shilin (50 ...
- SOS (Tiro 706
- Bankiga dhexe ee somalia
In 1991, the collapse Mohamed Siad Barre’s Democratic Republic of Somalia, and subsequent descent into chaos, saw the emergence of a new commodity currency, a currency worth its paper, ink, and transport costs. Prior to the collapse of the state, the national currency of Somalia was the Somali shilling (SoSh). The value of the SoSh had been diminished by a reckless monetary policy pursued by the central bank in an attempt to gain seigniorage for the government.