Convert Malagasy Ariary to Moroccan Dirham
Please provide values below to convert Malagasy Ariary [MGA] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Malagasy Ariary.
How to Convert Malagasy Ariary to Moroccan Dirham
1 MGA = 491.576812495143 MAD
Example: convert 15 MGA to MAD:
15 MGA = 15 × 491.576812495143 MAD = 7373.65218742715 MAD
Malagasy Ariary to Moroccan Dirham Conversion Table
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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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.