Convert Malagasy Ariary to Bolivian Boliviano
Please provide values below to convert Malagasy Ariary [MGA] to Bolivian Boliviano [BOB], or Convert Bolivian Boliviano to Malagasy Ariary.
How to Convert Malagasy Ariary to Bolivian Boliviano
1 MGA = 640.812601296596 BOB
Example: convert 15 MGA to BOB:
15 MGA = 15 × 640.812601296596 BOB = 9612.18901944895 BOB
Malagasy Ariary to Bolivian Boliviano Conversion Table
| Malagasy Ariary | Bolivian Boliviano |
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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.
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.