Convert Malagasy Ariary to Iranian Rial
Please provide values below to convert Malagasy Ariary [MGA] to Iranian Rial [IRR], or Convert Iranian Rial to Malagasy Ariary.
How to Convert Malagasy Ariary to Iranian Rial
1 MGA = 0.104347622535299 IRR
Example: convert 15 MGA to IRR:
15 MGA = 15 × 0.104347622535299 IRR = 1.56521433802948 IRR
Malagasy Ariary to Iranian Rial Conversion Table
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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.
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.