Malagasy ariary
Currency of Madagascar / From Wikipedia, the free encyclopedia
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The ariary (sign: Ar;[1] 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 is 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 literally "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.
Quick Facts ariary malgache (French), ISO 4217 ...
ariary malgache (French) | |
---|---|
ISO 4217 | |
Code | MGA (numeric: 969) |
Subunit | 0.01 |
Unit | |
Plural | The language(s) of this currency do(es) not have a morphological plural distinction. |
Symbol | Ar |
Denominations | |
Subunit | |
1⁄5 | iraimbilanja (franc) |
Banknotes | |
Freq. used | 100, 200, 500, 1000, 2000, 5000, 10,000 Ar |
Rarely used | 20,000 Ar |
Coins | |
Freq. used | 10, 20, 50 Ar |
Rarely used | 1, 2 iraimbilanja; 1, 2, 4, 5 Ar |
Demographics | |
Replaced | Malagasy franc |
User(s) | Madagascar |
Issuance | |
Central bank | Banky Foiben'i Madagasikara |
Website | www |
Valuation | |
Inflation | 8.8% |
Source | The World Factbook, 2013 est. |
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