Convert Mozambican Metical to Malagasy Ariary
Please provide values below to convert Mozambican Metical [MZN] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Mozambican Metical.
How to Convert Mozambican Metical to Malagasy Ariary
1 MZN = 0.0143672991677972 MGA
Example: convert 15 MZN to MGA:
15 MZN = 15 × 0.0143672991677972 MGA = 0.215509487516958 MGA
Mozambican Metical to Malagasy Ariary Conversion Table
| Mozambican Metical | Malagasy Ariary |
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Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.