🇲🇬 Malagasy Ariary (MGA) TradingHours.com
The Malagasy Ariary is the primary currency of Madagascar. This currency is used by an estimated 26,969,307 people. Based on our estimate, Malagasy Ariary is the #47 most popular currency is the world.
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".
Malagasy Ariary conversion rates, useful facts, and holiday schedule can be found below.
MGA Currency Demographics
The primary country using the Malagasy Ariary is Madagascar.
There are approximately 26,969,307 people around the world who use the Malagasy Ariary. The Malagasy Ariary is the #47 most used widely currency is the world.
26,969,307 user population
Ranked #47 in the worldMGA Exchange Rates
1 Malagasy Ariary equals:
† Rates last updated at 3 hours from now
‡ 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 | 26,969,307 people |
|---|---|
| Population Rank | #47 |
| MGA Inflation Rate | 5.61% |
| Inflation Rank | #22 |
† Population and Inflation rate as based on data from the World Bank.
‡ Corrections or suggestions? Please contact us.
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 |