Convert Omani Rial to Malagasy Ariary
Please provide values below to convert Omani Rial [OMR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Omani Rial.
How to Convert Omani Rial to Malagasy Ariary
1 OMR = 8.68284631334927e-05 MGA
Example: convert 15 OMR to MGA:
15 OMR = 15 × 8.68284631334927e-05 MGA = 0.00130242694700239 MGA
Omani Rial to Malagasy Ariary Conversion Table
| Omani Rial | Malagasy Ariary |
|---|
Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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.