Convert Malagasy Ariary to Albanian Lek
Please provide values below to convert Malagasy Ariary [MGA] to Albanian Lek [ALL], or Convert Albanian Lek to Malagasy Ariary.
How to Convert Malagasy Ariary to Albanian Lek
1 MGA = 53.0991350935233 ALL
Example: convert 15 MGA to ALL:
15 MGA = 15 × 53.0991350935233 ALL = 796.48702640285 ALL
Malagasy Ariary to Albanian Lek Conversion Table
| Malagasy Ariary | Albanian Lek |
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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.
Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.