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MGA Currency Demographics
The primary country using the Malagasy Ariary is Madagascar.
The currency code for the Malagasy Ariary is "MGA". The ISO 4217 number for this currency is 969. The currency symbol for the Ariary is "Ar".
There are approximately 29,611,714 people around the world who use the Malagasy Ariary. The Malagasy Ariary is the #47 most used widely currency is the world.
29,611,714 user population
Ranked #47 in the worldMGA Exchange Rates
1 Malagasy Ariary equals:
† Rates last updated at 4 hours ago
‡ Rates are the interbank rate and are only available on large transactions
MGA Currency Facts
MGA Details
| ISO 4217 Code | MGA |
|---|---|
| ISO 4217 Number | 969 |
| Unit Name | Ariary |
| Symbol | Ar |
| Currency Nicknames | N.a. |
MGA Denominations
| Minor Unit Name | N.a. |
|---|---|
| Minor Unit Symbol | N.a. |
| Minor Units | 2 |
| Frequently Used banknotes | Ar100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000 |
| Rarely Used Banknotes | N.a. |
| Frequently Used Coins | Ar1, Ar2, Ar4, Ar5, Ar10, Ar20, Ar50, 1, 25 |
| Rarely Used Coins | N.a. |
MGA Issuance
| Central Bank | Banque Centrale de Madagascar |
|---|---|
| Central Bank Website | http://www.banque-centrale.mg |
World Bank Statistics
| Estimated User Population | 29,611,714 people |
|---|---|
| Population Rank | #47 |
| MGA Inflation Rate | 8.16% |
| Inflation Rank | #62 |
† Population and Inflation rate as based on data from the World Bank.
‡ Corrections or suggestions? Please contact us.
2023 MGA Currency Holidays
MGA Currency History
The Malagasy Ariary was created in January 2005. The table below shows the history of currencies that ultimately became the Malagasy Ariary.
| Currency | Active | Replaced By |
|---|---|---|
| Malagasy franc (MGF) | July 1963 to January 2005 | MGA |