Convert Saudi Riyal to Mozambican Metical
Please provide values below to convert Saudi Riyal [SAR] to Mozambican Metical [MZN], or Convert Mozambican Metical to Saudi Riyal.
How to Convert Saudi Riyal to Mozambican Metical
1 SAR = 0.0589415975216237 MZN
Example: convert 15 SAR to MZN:
15 SAR = 15 × 0.0589415975216237 MZN = 0.884123962824356 MZN
Saudi Riyal to Mozambican Metical Conversion Table
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.