Convert Congolese Franc to Malagasy Ariary
Please provide values below to convert Congolese Franc [CDF] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Congolese Franc.
How to Convert Congolese Franc to Malagasy Ariary
1 CDF = 0.651503902854735 MGA
Example: convert 15 CDF to MGA:
15 CDF = 15 × 0.651503902854735 MGA = 9.77255854282102 MGA
Congolese Franc to Malagasy Ariary Conversion Table
| Congolese Franc | Malagasy Ariary |
|---|
Congolese Franc
The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo, used for everyday transactions and financial exchanges within the country.
History/Origin
The Congolese Franc was introduced in 1967, replacing the Congolese Léopard at par, as part of monetary reforms following independence. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the CDF remains the official currency of the Democratic Republic of the Congo, used in all banking, commerce, and financial activities 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.