Somali Shilling

SOS

ISO 706

1country

1method

1bank

Fiat currency used across payment methods, banks, and markets on Processed.

Exchange rates

Baselines versus USD and EUR

Update time unknown

US Dollar

Rate unavailable

Euro

Rate unavailable

Countries using SOS

Markets where this is an official or listed currency.

Somalia

Payment methods supporting SOS

Methods that list this currency in their coverage.

EVC Plus (Hormuud Telecom)

EVC Plus is Somalia's dominant mobile money platform, launched by Hormuud Telecom and holding 67% of the market. It processes millions of transactions daily, averaging over US$2.7 billion in monthly volumes. In 2024, Hormuud launched interoperability with Somali banks, enabling mobile-to-bank transfers. In 2025, EVC Plus was re-certified by GSMA for secure mobile money.

Banks supporting SOS

Banks that list this currency in their coverage.

Other Banks — Somalia

Aggregate of remaining banks in Somalia, collectively ~100.0% of domestic banking assets.