Convert Malagasy Ariary to Dominican Peso
Please provide values below to convert Malagasy Ariary [MGA] to Dominican Peso [DOP], or Convert Dominican Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Dominican Peso
1 MGA = 73.3752779572832 DOP
Example: convert 15 MGA to DOP:
15 MGA = 15 × 73.3752779572832 DOP = 1100.62916935925 DOP
Malagasy Ariary to Dominican Peso Conversion Table
| Malagasy Ariary | Dominican Peso |
|---|
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.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.