Convert Iranian Rial to Malagasy Ariary
Please provide values below to convert Iranian Rial [IRR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Iranian Rial.
How to Convert Iranian Rial to Malagasy Ariary
1 IRR = 9.58335202761059 MGA
Example: convert 15 IRR to MGA:
15 IRR = 15 × 9.58335202761059 MGA = 143.750280414159 MGA
Iranian Rial to Malagasy Ariary Conversion Table
| Iranian Rial | Malagasy Ariary |
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Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.
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.