Convert Moroccan Dirham to Argentine Peso
Please provide values below to convert Moroccan Dirham [MAD] to Argentine Peso [ARS], or Convert Argentine Peso to Moroccan Dirham.
How to Convert Moroccan Dirham to Argentine Peso
1 MAD = 0.0071146054637213 ARS
Example: convert 15 MAD to ARS:
15 MAD = 15 × 0.0071146054637213 ARS = 0.10671908195582 ARS
Moroccan Dirham to Argentine Peso Conversion Table
| Moroccan Dirham | Argentine Peso |
|---|
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.