Convert Malagasy Ariary to Burundian Franc
Please provide values below to convert Malagasy Ariary [MGA] to Burundian Franc [BIF], or Convert Burundian Franc to Malagasy Ariary.
How to Convert Malagasy Ariary to Burundian Franc
1 MGA = 1.49150441908571 BIF
Example: convert 15 MGA to BIF:
15 MGA = 15 × 1.49150441908571 BIF = 22.3725662862856 BIF
Malagasy Ariary to Burundian Franc Conversion Table
| Malagasy Ariary | Burundian Franc |
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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.
Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.