Historic Malagasy Ariary Saudi riyal

Malagasy Ariary saudi riyal history for September 2023. The highest quote for this month is 0.000839 (05/09/2023) and the lowest 0.00085 (06/09/2023). The difference between high and low is -1.31.

MGA SAR average rate for September 2023 is 0.00084, the change between 01/09/2023 and 30/09/2023 is +0.48 %.

01 September 20231 MGA = 0.0008 SAR
04 September 20231 MGA = 0.0008 SAR
05 September 20231 MGA = 0.0008 SAR
06 September 20231 MGA = 0.0008 SAR
07 September 20231 MGA = 0.0008 SAR
08 September 20231 MGA = 0.0008 SAR
11 September 20231 MGA = 0.0008 SAR
12 September 20231 MGA = 0.0008 SAR
13 September 20231 MGA = 0.0008 SAR
14 September 20231 MGA = 0.0008 SAR
15 September 20231 MGA = 0.0008 SAR
18 September 20231 MGA = 0.0008 SAR
19 September 20231 MGA = 0.0008 SAR
20 September 20231 MGA = 0.0008 SAR
21 September 20231 MGA = 0.0008 SAR
22 September 20231 MGA = 0.0008 SAR
25 September 20231 MGA = 0.0008 SAR
26 September 20231 MGA = 0.0008 SAR
27 September 20231 MGA = 0.0008 SAR
28 September 20231 MGA = 0.0008 SAR
29 September 20231 MGA = 0.0008 SAR

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.