Convert Georgian Lari to Malagasy Ariary
Please provide values below to convert Georgian Lari [GEL] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Georgian Lari.
How to Convert Georgian Lari to Malagasy Ariary
1 GEL = 0.000611841451271483 MGA
Example: convert 15 GEL to MGA:
15 GEL = 15 × 0.000611841451271483 MGA = 0.00917762176907224 MGA
Georgian Lari to Malagasy Ariary Conversion Table
| Georgian Lari | Malagasy Ariary |
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.