Convert Malagasy Ariary to Barbadian Dollar
Please provide values below to convert Malagasy Ariary [MGA] to Barbadian Dollar [BBD], or Convert Barbadian Dollar to Malagasy Ariary.
How to Convert Malagasy Ariary to Barbadian Dollar
1 MGA = 2214.1357 BBD
Example: convert 15 MGA to BBD:
15 MGA = 15 × 2214.1357 BBD = 33212.0355 BBD
Malagasy Ariary to Barbadian Dollar 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.
Barbadian Dollar
The Barbadian Dollar (BBD) is the official currency of Barbados, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, replacing the Barbadian Pound, the Barbadian Dollar was initially pegged to the British Pound and later to the US Dollar, maintaining stability through various monetary policies.
Current Use
The BBD is widely used in Barbados for everyday transactions, banking, and trade, and is pegged to the US Dollar at a fixed rate of 2 BBD to 1 USD.