The currency of Madagascar is the Malagasy Ariary. It's code is MGA & its symbol is Ar. According to our data, MGA to EUR is the most popular Malagasy Ariary exchange rate conversion.
The most popular banknotes used in Madagascar are: Ar100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000. It's used solely in in Madagascar.
The ariary was introduced in 1961 with coins and banknotes denominated in both francs and ariary. The ariary replaced the franc as the official currency of Madagascar in 2005.