Convert Mozambican Metical to Argentine Peso
Please provide values below to convert Mozambican Metical [MZN] to Argentine Peso [ARS], or Convert Argentine Peso to Mozambican Metical.
How to Convert Mozambican Metical to Argentine Peso
1 MZN = 0.0502478340191286 ARS
Example: convert 15 MZN to ARS:
15 MZN = 15 × 0.0502478340191286 ARS = 0.753717510286928 ARS
Mozambican Metical to Argentine Peso Conversion Table
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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.
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.