Malagasy Ariary Wiki
The Malagasy Ariary is the official currency of Madagascar. The currency code for Malagasy Ariary is MGA and the currency symbol is Ar.
The Malagasy Ariary (sign: MGA; code: MGA) is the currency of Madagascar.
The Malagasy Ariary (MGA) is used as the official currency in Madagascar.
The capital of Madagascar, Antananarivo, uses the Malagasy Ariary as its currency.
About the Malagasy Ariary
The ariary (sign: Ar; ISO 4217 code MGA) is the currency of Madagascar. It is notionally subdivided into 5 iraimbilanja and is one of only two non-decimal currencies currently circulating (the other is the Mauritanian ouguiya). The names ariary and iraimbilanja derive from the pre-colonial currency, with ariary (from the Spanish word "real") being the name for a silver dollar. Iraimbilanja means literally "one iron weight" and was the name of an old coin worth 1⁄5 of an ariary. However, as of May 2023, the unit is effectively obsolete since the iraimbilanja has practically no purchasing power, and the coins have fallen into disuse.
With currencyconverts.com, you can convert Malagasy Ariary (Ar) to any other foreign currency. To convert a certain amount of Malagasy Ariary, use the currency converter. This page provides free online information about currency conversion or exchange rates for world fiat currencies. The exchange rate for Malagasy Ariary is calculated from the mid-market real price and updates daily. Usually, people search for the MGA exchange rate before business travel to Madagascar or during a trip to other countries, and want to check the rate of Malagasy Ariary in local money. On this page, you can convert Malagasy Ariary to main foreign currencies, get fast access to the most commonly used amounts of MGA, or alternatively calculate any amount of Malagasy Ariary in other fiat money.