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Encyclopedia > Malagasy ariary
Malagasy ariary
ariary malgache (French)
ISO 4217 Code MGA
User(s) Madagascar
Inflation 15%
Source The World Factbook, 2005 est.
Subunit
1/5 iraimbilanja
Coins 1, 2 iraimbilanja, 1, 2, 4, 5, 10, 20, 50 ariary
Banknotes 100, 200, 500, 1000, 5000, 10000 ariary
Central bank Central Bank of Madagascar
Website www.banque-centrale.mg

The Malagasy ariary (currency code MGA) is the currency of Madagascar. The iraimbilanja (singular and plural) is the divisory currency unit of Madagascar, being equal to one fifth of an ariary. ...

Contents

Non decimal currency

One of only two circulating currencies in the world with division units not based on a power of ten, each ariary comprises five iraimbilanja. (The other non-decimal currency is the Mauritanian ouguiya.) The names Ariary and iraimbilanja derive from the pre-colonial currency. Iraimbilanja means literally "one iron weight", and was the name of an old coin worth 1⁄5 of the ariary. 2000 MRO issued in 2004 The ouguiya (Arabic: أوقية; ISO 4217: MRO) is the currency of Mauritania. ...


Transition to ariary

The ariary replaced the previous currency, the Malagasy franc (also known by its French name, the franc malgache) (ISO 4217 MGF), on January 1, 2005. One Malagasy ariary was valued at 5 franc; that is, one iraimbilanja for 1 franc. The Malagasy franc is the defunct currency of Madagascar. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...


Coins and banknotes had been denominated in both the official francs and the semi-official ariary and iraimbilanja since 1961. Previously, the franc denomination was most prominent. In 1992, higher valued coins began to be issued, starting with 5 ariary to 50 ariary. These coins are denominated in ariary only. In 1993, new 500 ariary-2500 franc note and 5000 ariary-25000 franc were issued with ariary slight more dominant. On banknotes issued since July 31, 2003, the ariary denomination is displayed prominently, and the franc denomination in small print. Coins of lower values are also replaced, with the main design intact. A coin is usually a piece of hard material, generally metal and usually in the shape of a disc, which is issued by a government to be used as a form of money. ... A £20 Ulster Bank banknote. ... July 31 is the 212th day (213th in leap years) of the year in the Gregorian Calendar, with 153 days remaining. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...


As of March 11, 2006 there were 2,207.89 ariary to the US dollar or 2,628.63 ariary to the Euro. March 11 is the 70th day of the year in the Gregorian Calendar (71st in Leap year). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... ISO 4217 Code EUR User(s) European Union; eurozone: Austria, Belgium, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain; outside eurozone: Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ...


Coins in circulation

[1] Bold denotes prominent denomination, while italic denotes equivalence that is not shown on the coin/banknote.

Denomination Name Value in MGF
1/5 ariary Iraimbilanja 1 MGF
2/5 ariary Venty sy Kirobo 2 MGF
1 ariary Ariary 5 MGF
1 ariary Ariary 5 MGF
2 ariary Ariary Roa 10 MGF
2 ariary Ariary Roa 10 MGF
4 ariary Ariary Efatra 20 MGF
5 ariary Ariary Dimy 25 MGF
10 ariary Ariary Folo 50 MGF
20 ariary Ariary Roapolo 100 MGF
50 ariary Ariary Dimam-Polo 250 MGF

Banknotes

[2]

Denomination Year of Issue Pictures
500 francs (100 ariary) 1994 girl; zebus click for image
1000 francs (200 ariary) 1994 boy + ships; woman, fishermen click for image
2500 francs (500 ariary) 1998 old woman; weaving click for image
5000 francs (1000 ariary) 1995 young boy; lemurs and birds click for image
100 ariary (500 francs) 2004 Ravinala & Tsingy; Antsiranana bay click for image
200 ariary (1000 francs) 2004 village gate; Aloalo click for image
500 ariary (2500 francs) 2004 Artisan; zebus click for image
1000 ariary (5000 francs) 2004 Endemic animals; Cactus Sisal click for image
2000 ariary (10000 francs) 2003 baobabs; farm terraces click for image
5000 ariary (25000 francs) 2003 sailing boats; beach click for image
10000 ariary (50000 francs) 2003 Le palais d'argent; road building click for image
Current MGA exchange rates

As of 20 September 2006, the rate was
1 EUR = 2681.24 MGA
1 USD = 2115 MGA
1 JPY = 18.0405 MGA
1 GBP = 3980.15 MGA
edit this exchange rate September 20 is the 263rd day of the year (264th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... ISO 4217 Code EUR User(s) European Union; eurozone: Austria, Belgium, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain; outside eurozone: Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... ISO 4217 Code JPY User(s) Japan Inflation rate -0. ... ISO 4217 Code GBP User(s) United Kingdom Inflation 2. ...

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Currencies of Africa
North Algerian dinar | Euro (Plaza de soberanía) | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Sudanese pound | Tunisian dinar
Central Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc
West Cape Verdean escudo | Euro (Canary Islands, Madeira) | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling
South Botswana pula | Euro (Mayotte, Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Norwegian krone (Bouvet Island de jure) | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar
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  Results from FactBites:
 
Madagascar - Encyclopedia, History, Geography and Biography (3895 words)
The Malagasy Republic was proclaimed on October 14, 1958, as an autonomous state within the French Community.
Recent DNA research shows that the Malagasy are approximately of half Malay and half East African stock, although some Arab, Indian and European influence is present along the coast.
The Malagasy language is of Malayo-Polynesian origin and is generally spoken throughout the island.
  More results at FactBites »


 

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