Convert Malagasy Ariary to Guernsey Pound
Please provide values below to convert Malagasy Ariary [MGA] to Guernsey Pound [GGP], or Convert Guernsey Pound to Malagasy Ariary.
How to Convert Malagasy Ariary to Guernsey Pound
1 MGA = 5981.72551668243 GGP
Example: convert 15 MGA to GGP:
15 MGA = 15 × 5981.72551668243 GGP = 89725.8827502364 GGP
Malagasy Ariary to Guernsey Pound Conversion Table
| Malagasy Ariary | Guernsey Pound |
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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.
Guernsey Pound
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown dependency, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1921, the Guernsey Pound has been used locally alongside the British Pound, with both currencies circulating freely and at equal value, reflecting Guernsey's status as a self-governing dependency.
Current Use
The GGP is used for everyday transactions within Guernsey and is accepted alongside the British Pound, with coins and banknotes issued specifically for Guernsey by the local authorities.