Convert Uzbekistan Som to Malagasy Ariary
Please provide values below to convert Uzbekistan Som [UZS] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Uzbekistan Som.
How to Convert Uzbekistan Som to Malagasy Ariary
1 UZS = 2.86939759383312 MGA
Example: convert 15 UZS to MGA:
15 UZS = 15 × 2.86939759383312 MGA = 43.0409639074967 MGA
Uzbekistan Som to Malagasy Ariary Conversion Table
| Uzbekistan Som | Malagasy Ariary |
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Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.
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.