Malagasy ariary facts for kids
Quick facts for kidsMalagasy ariary
|ISO 4217 Code||MGA|
|Source||The World Factbook, 2007 est.|
|Coins||1, 2 iraimbilanja, Ar1, 2, 4, 5, 10, 20, 50|
|Banknotes||Ar100, 200, 500, 1000, 2000, 5000, 10,000|
The ariary (Ar; ISO 4217 code MGA) is the currency of Madagascar. It is equal to 5 iraimbilanja. The ariary is one of only two non-decimal currencies currently being used. The other is the Mauritanian ouguiya.
The ariary was first used in 1961. It was equal to 5 Malagasy francs. Coins and banknotes were printed in both francs and ariary. The sub-unit of the ariary, the iraimbilanja, was worth ⅕ of an ariary. Because of this, it was equal to one franc. The ariary replaced the franc as the official currency of Madagascar on January 1, 2005.
Malagasy ariary Facts for Kids. Kiddle Encyclopedia.