Convert São Tomé and Príncipe Dobra to Malagasy Ariary
Please provide values below to convert São Tomé and Príncipe Dobra [STN] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to São Tomé and Príncipe Dobra.
How to Convert São Tomé And Príncipe Dobra to Malagasy Ariary
1 STN = 0.00471590336581448 MGA
Example: convert 15 STN to MGA:
15 STN = 15 × 0.00471590336581448 MGA = 0.0707385504872172 MGA
São Tomé And Príncipe Dobra to Malagasy Ariary Conversion Table
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São Tomé And Príncipe Dobra
The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, used for all monetary transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the São Tomé and Príncipe escudo at par, and has undergone various redenominations and updates since its inception to stabilize the economy and modernize the currency system.
Current Use
Today, the Dobra remains the official currency, with banknotes and coins in circulation, and is used for everyday transactions, though it is subject to inflation and economic fluctuations.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.