Convert Malagasy Ariary to Mongolian Tugrik
Please provide values below to convert Malagasy Ariary [MGA] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Malagasy Ariary.
How to Convert Malagasy Ariary to Mongolian Tugrik
1 MGA = 1.24749569600923 MNT
Example: convert 15 MGA to MNT:
15 MGA = 15 × 1.24749569600923 MNT = 18.7124354401384 MNT
Malagasy Ariary to Mongolian Tugrik Conversion Table
| Malagasy Ariary | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.