Convert Malagasy Ariary to Armenian Dram
Please provide values below to convert Malagasy Ariary [MGA] to Armenian Dram [AMD], or Convert Armenian Dram to Malagasy Ariary.
How to Convert Malagasy Ariary to Armenian Dram
1 MGA = 11.5303653402004 AMD
Example: convert 15 MGA to AMD:
15 MGA = 15 × 11.5303653402004 AMD = 172.955480103007 AMD
Malagasy Ariary to Armenian Dram Conversion Table
| Malagasy Ariary | Armenian Dram |
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.