Talk:Somali shilling
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[edit] Exchange rates
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! --195.186.239.158 17:47, 20 June 2006 (UTC)
- Could you provide any source? --Chochopk 19:21, 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) --83.77.140.59 23:11, 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 created daily exchange rates we can find on internet (yahoo, XE, but also oanda). At the same date, the free market change was "around 2000" SOS/USD. In the reissue of the same lexicon in 1994, they write that the free market rate was around 5000 SOS/USD in the south and around 4500 SOS/USD in the north of the country (by June 1993, two years after the beginning of the anarchy). Untill now, there is no working banking system in Somalia - that's why it's quite dubious where internet currency converters take their information about the SOS/USD rate from. I conjecture that they still calculate automatically, based on the old currency basket. In any case, the information provided by the mentioned pdf files seems to be much more trustworthy... so I change the information in the article.
