Convert Argentine Peso to Mozambican Metical
Please provide values below to convert Argentine Peso [ARS] to Mozambican Metical [MZN], or Convert Mozambican Metical to Argentine Peso.
How to Convert Argentine Peso to Mozambican Metical
1 ARS = 19.9013553423878 MZN
Example: convert 15 ARS to MZN:
15 ARS = 15 × 19.9013553423878 MZN = 298.520330135817 MZN
Argentine Peso to Mozambican Metical Conversion Table
| Argentine Peso | Mozambican Metical |
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Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.
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.