Malagasy Ariary (MGA) TradingHours.com
The Malagasy Ariary is the primary currency of Madagascar. This currency is used by an estimated 26,262,368 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 26,262,368 people around the world who use the Malagasy Ariary. The Malagasy Ariary is the #47 most used widely currency is the world.
26,262,368 user population
Ranked #47 in the worldMGA Exchange Rates
1 Malagasy Ariary equals:
† Rates last updated at 42 minutes 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 | 26,262,368 people |
|---|---|
| Population Rank | #47 |
| MGA Inflation Rate | 7.29% |
| Inflation Rank | #15 |
† Population and Inflation rate as based on data from the World Bank.
‡ Corrections or suggestions? Please contact us.
2019 MGA Currency Holidays
Based on holidays observed by the Banque Centrale de Madagascar. On these dates banks and payment systems may be closed. Settlement in Malagasy Ariary may also be closed on these dates.
| Holiday | Date | Status |
|---|---|---|
| New Year's Day | January 1, 2019 | Closed |
| Veterans Day Eve | March 28, 2019 | Closed |
| Veterans Day | March 29, 2019 | Closed |
| Good Friday | April 19, 2019 | Partial Day |
| Easter Monday | April 22, 2019 | Closed |
| Labour Day Eve | April 30, 2019 | Closed |
| Labour Day | May 1, 2019 | Closed |
| Ascension Day Eve | May 29, 2019 | Closed |
| Ascension Day | May 30, 2019 | Closed |
| Whitmonday | June 10, 2019 | Closed |
| Independence Day Eve | June 25, 2019 | Closed |
| Independence Day | June 26, 2019 | Closed |
| Assumption Day Eve | August 14, 2019 | Closed |
| Assumption Day | August 15, 2019 | Closed |
| All Saints Day Eve | October 31, 2019 | Closed |
| All Saints Day | November 1, 2019 | Closed |
| Christmas Eve | December 24, 2019 | Closed |
| Christmas Day | December 25, 2019 | Closed |
| New Year's Eve | December 31, 2019 | Closed |
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 |