File:Madagascar_BFM_20000_ariary.jpg · Wikimedia Commons · See Wikimedia Commons
Key facts
- Code
- MGA (numeric: 969 )
- Plural
- The language(s) of this currency do(es) not have a morphological plural distinction.
- Symbol
- Ar
- 1 5
- iraimbilanja ( franc )
- Freq used
- 100, 200, 500, 1000, 2000, 5000, 10,000 Ar
- Rarely used
- 20,000 Ar
- Replaced
- Malagasy franc
- User s
- Madagascar
- Central bank
- Banky Foiben'i Madagasikara
- Website
- www .banky-foibe .mg
- Inflation
- 8.8%
- Source
- The World Factbook , 2013 est.
via Wikipedia infobox
~5 min read
Encyclopedic overview
The ariary (sign: Ar; ISO 4217 code MGA) is the currency of Madagascar. It is notionally subdivided into 5 iraimbilanja and is one of only two non-decimal currencies currently circulating (the other being the Mauritanian ouguiya). The names ariary and iraimbilanja derive from the pre-colonial currency, with ariary (from the Spanish word real) being the name for a silver dollar. Iraimbilanja means "one iron weight" and was the name of an old coin worth 1⁄5 of an ariary. However, as of May 2023, the unit is effectively obsolete since the iraimbilanja has practically no purchasing power, and the coins have fallen into disuse.
History
Excerpted from Wikipedia’s “ariary” article, available under the CC BY-SA 4.0 licence.
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