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Country: Somalia Federal Republic Of Somalia
Capital: Mogadishu
Currency: Somali shilling
Numeric code: 706
Letter code: SOS
A Peninsula in East Africa like the horn, the exposed land in the ocean and is called the horn of Africa or Somalia. From the North it is bordered by the Gulf of Aden and East coast out to the Indian ocean. The Peninsula shared its name with one of the countries located on it. It is the Federal Republic of Somalia with the capital Mogadishu. Formally, the country has 637.6 thousand square kilometers and the population of the Republic has more than 10 million. In fact, it's hard to say: at the end of the twentieth century, the country split into multiple unrecognized, but Autonomous States.
In Somalia, known as the Federal Republic, the currency is the Somali shilling, consisting of hundreds of cents (centesimi or senti). It replaced the previously dominant East African shilling in 1960.
5, 10,50 centesimi and 1 shilling, the first samples of the new currency, minted in 1967. Becoming a Democratic Republic, Somalia, in 1976, issued new coins: 5, 10 and 50 senti. At that time something else was possible to buy these coins in Somalia. But so proceeded not for long: 1991 was the year of the collapse of the Republic.
The value of the coins of Somalia has been steadily rolled down. The government was forced to issue higher and higher denominations. Senti coin had no meaning, since the price of these coins Somalia does not justify the cost of materials to manufacture them. Began to increase the denominations of shillings: the year 2000 brought 10 shillings, 2001 – 25 shillings, 2002 – 5, 50 and 100 shillings 2006 – 250 shillings. Today, only those values present in the catalogue of the coins of Somalia.
