Convert Indian Rupee to Malagasy Ariary
Please provide values below to convert Indian Rupee [INR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Indian Rupee.
How to Convert Indian Rupee to Malagasy Ariary
1 INR = 0.0195081313218517 MGA
Example: convert 15 INR to MGA:
15 INR = 15 × 0.0195081313218517 MGA = 0.292621969827775 MGA
Indian Rupee to Malagasy Ariary Conversion Table
| Indian Rupee | Malagasy Ariary |
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Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.
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.