Convert Malagasy Ariary to Cape Verdean Escudo
Please provide values below to convert Malagasy Ariary [MGA] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Malagasy Ariary.
How to Convert Malagasy Ariary to Cape Verdean Escudo
1 MGA = 47.1154353176001 CVE
Example: convert 15 MGA to CVE:
15 MGA = 15 × 47.1154353176001 CVE = 706.731529764001 CVE
Malagasy Ariary to Cape Verdean Escudo Conversion Table
| Malagasy Ariary | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.