Convert Somali Shilling to Malagasy Ariary
Please provide values below to convert Somali Shilling [SOS] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Somali Shilling.
How to Convert Somali Shilling to Malagasy Ariary
1 SOS = 0.129043490875469 MGA
Example: convert 15 SOS to MGA:
15 SOS = 15 × 0.129043490875469 MGA = 1.93565236313203 MGA
Somali Shilling to Malagasy Ariary Conversion Table
| Somali Shilling | Malagasy Ariary |
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Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.
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.