Malagasy ariary · MGA

Ar symbol · 1 country currently using this currency.

Currency info

Adopted: 1961

Currency family: Other

The ariary is subdivided into 5 iraimbilanja, an unusual division reflecting Madagascar's unique monetary history.

Introduced in 1961 following Madagascar's independence from France
Replaced the French Franc as the official currency of Madagascar
Redenominated in 2005, with new ariary equal to 5 old francs
Name derives from the Arabic word 'riyal', reflecting historical trade influences

Countries currently using this currency

Related

Other Other currencies

Afghan Afghani (AFN)Albanian lek (ALL)Algerian Dinar (DZD)Angolan Kwanza (AOA)Armenian Dram (AMD)Azerbaijani Manat (AZN)Bahraini dinar (BHD)Bangladeshi taka (BDT)Belarusian ruble (BYN)Boliviano (BOB)Botswana pula (BWP)Brazilian Real (BRL)

Historical predecessor

Malagasy franc