Convert Jersey Pound to Malagasy Ariary
Please provide values below to convert Jersey Pound [JEP] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Jersey Pound.
How to Convert Jersey Pound to Malagasy Ariary
1 JEP = 0.000167175842022691 MGA
Example: convert 15 JEP to MGA:
15 JEP = 15 × 0.000167175842022691 MGA = 0.00250763763034036 MGA
Jersey Pound to Malagasy Ariary Conversion Table
| Jersey Pound | Malagasy Ariary |
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.