Convert Malagasy Ariary to Ethiopian Birr
Please provide values below to convert Malagasy Ariary [MGA] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Malagasy Ariary.
How to Convert Malagasy Ariary to Ethiopian Birr
1 MGA = 32.4089735445398 ETB
Example: convert 15 MGA to ETB:
15 MGA = 15 × 32.4089735445398 ETB = 486.134603168098 ETB
Malagasy Ariary to Ethiopian Birr Conversion Table
| Malagasy Ariary | Ethiopian Birr |
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.