Convert Mozambican Metical to Saudi Riyal
Please provide values below to convert Mozambican Metical [MZN] to Saudi Riyal [SAR], or Convert Saudi Riyal to Mozambican Metical.
How to Convert Mozambican Metical to Saudi Riyal
1 MZN = 16.9659466666667 SAR
Example: convert 15 MZN to SAR:
15 MZN = 15 × 16.9659466666667 SAR = 254.4892 SAR
Mozambican Metical to Saudi Riyal Conversion Table
| Mozambican Metical | Saudi Riyal |
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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.
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.