Convert Bolivian Boliviano to Malagasy Ariary
Please provide values below to convert Bolivian Boliviano [BOB] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Bolivian Boliviano.
How to Convert Bolivian Boliviano to Malagasy Ariary
1 BOB = 0.00156051862584574 MGA
Example: convert 15 BOB to MGA:
15 BOB = 15 × 0.00156051862584574 MGA = 0.0234077793876861 MGA
Bolivian Boliviano to Malagasy Ariary Conversion Table
| Bolivian Boliviano | Malagasy Ariary |
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Bolivian Boliviano
The Bolivian Boliviano (BOB) is the official currency of Bolivia, used for all monetary transactions within the country.
History/Origin
Introduced in 1987 to replace the Bolivian peso, the Boliviano has undergone various redenominations and reforms to stabilize Bolivia's economy and control inflation.
Current Use
The Boliviano remains the primary currency in Bolivia, widely used in everyday transactions, banking, and commerce across the country.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.