ariary

Also known as Madagascan ariary, Malagasy ariary

currency of Madagascar

Key facts

Code: MGA (numeric: 969 )
Plural: The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol: Ar ‎
1 5: iraimbilanja ( franc )
Freq used: 100, 200, 500, 1000, 2000, 5000, 10,000 Ar
Rarely used: 20,000 Ar
Replaced: Malagasy franc
User s: Madagascar
Central bank: Banky Foiben'i Madagasikara
Website: www .banky-foibe .mg
Inflation: 8.8%
Source: The World Factbook , 2013 est.

via Wikipedia infobox

Wikidata facts

Image: Madagascar-500francs 100ariary-banknote029.jpg

Show 5 more facts

Commons category: Money of Madagascar
start time: 2003-00-00
unit symbol: Ar
price: 0.00021961
conversion to standard unit: 0.00024

Sources (2)

via Wikidata · CC0

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Article

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 being 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 "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.

History