Convert Moroccan Dirham to Malagasy Ariary
Please provide values below to convert Moroccan Dirham [MAD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Moroccan Dirham.
How to Convert Moroccan Dirham to Malagasy Ariary
1 MAD = 0.00203427007658112 MGA
Example: convert 15 MAD to MGA:
15 MAD = 15 × 0.00203427007658112 MGA = 0.0305140511487169 MGA
Moroccan Dirham to Malagasy Ariary Conversion Table
| Moroccan Dirham | Malagasy Ariary |
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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.
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.