Convert Saudi Riyal to Argentine Peso
Please provide values below to convert Saudi Riyal [SAR] to Argentine Peso [ARS], or Convert Argentine Peso to Saudi Riyal.
How to Convert Saudi Riyal to Argentine Peso
1 SAR = 0.00296168760908883 ARS
Example: convert 15 SAR to ARS:
15 SAR = 15 × 0.00296168760908883 ARS = 0.0444253141363324 ARS
Saudi Riyal to Argentine Peso 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.
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.