Convert Iraqi Dinar to Malagasy Ariary
Please provide values below to convert Iraqi Dinar [IQD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Iraqi Dinar.
How to Convert Iraqi Dinar to Malagasy Ariary
1 IQD = 0.295748042904507 MGA
Example: convert 15 IQD to MGA:
15 IQD = 15 × 0.295748042904507 MGA = 4.4362206435676 MGA
Iraqi Dinar to Malagasy Ariary Conversion Table
| Iraqi Dinar | Malagasy Ariary |
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Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.
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.