Ariary

Ariary
Country:	Madagascar
Subdivision:	5 Iraimbilanja
ISO 4217 code :	MGA
Abbreviation:	Ar
Exchange rate : (29 Mar 2020)	1  EUR  = 4,129.9 MGA 1,000 MGA = 0.24214 EUR 1  CHF  = 3,841.8 MGA 1,000 MGA = 0.2603 CHF

The ariary is the currency of Madagascar . On August 1, 2003, it replaced the Madagascar franc . 1 ariary is divided into 5 iraimbilanja. This makes the Malagasy currency, along with Mauritania's Ouguiya , the only one in the world that deviates from the decimal system . The conversion rate is 1 ariary = 5 Madagascar francs, so one iraimbilanja corresponds exactly to one Madagascar franc. The value in Madagascar francs was still printed on the banknotes until mid-2009, albeit smaller. Between June 2009 and January 2010 new banknotes for 2000, 5000 and 10,000 Ariary were issued, on which the value in Francs is no longer shown. According to the Malagasy central bank, the reason for the introduction of the new currency is the introduction of the euro in the EU , as a result of which the franc previously used has lost its equivalent in France .

The currency denomination Ariary is derived from the Arabic ar-riyāl , the name for the silver 8 reales coins that were common from South America to East Africa at the end of the 18th century.

From 1962 banknotes showed not only the face value in francs but also the corresponding value in ariary. The first coins, which only showed a value in Ariary, appeared in 1978. Especially in the capital Antananarivo and in the low price segment up to 1000 Francs / 200 Ariary, the currency unit Ariary was still used during the Franc period.

Coins and banknotes

Coins

All coins issued since 1965 are still legal tender, although some values ​​only have the old denomination in Franc Malagasy. Already since 1978 coins of 10 and 20 ariary have been issued without a corresponding value in francs. The value levels in italics in the table will no longer be re-stamped.

Front and back of a 2000 Ariary banknote (approx. 2008, already without the second currency denomination FRANCS )

Obverse of two 5000 Ariary banknotes: on top original design from 2004 with addition of 25,000 FRANCS ; below: changed design without indication of francs

value	Surname	Illustration	shape
1 franc	Iraimbilanja		round
2 francs	Venty sy Kirobo		round
5 francs	Ariary		round
1 ariary	Ariary		round
10 francs	Ariary Roa		round
2 ariary	Ariary Roa		round
20 francs	Ariary Efatra		round
5 ariary	Ariary Dimy		round
10 Ariary old version	Ariary folo		round
10 ariary	Ariary folo		7-corner
20 Ariary old version	Roapolo Ariary		round
20 ariary	Roapolo Ariary		10-corner
50 ariary	Dimam-Polo Ariary		11-sided

Banknotes

A new series was issued between July and September 2017, which only has values ​​in Ariary. The previous series from 2004 was valid until January 1, 2020, the old banknotes can be exchanged for new banknotes at the central bank.

The following banknotes are in circulation:

• 100 ( ariary zato ) ariary
• 200 ( roan-jato ) ariary
• 500 ( diman-jato ) ariary
• 1000 ( arivo ) ariary
• 2000 ( roa arivo ) Ariary
• 5000 ( dimy arivo ) ariary
• 10,000 ( iray alina ) ariary
• 20,000 ( roa alina ) ariary

Individual evidence

1. ↑ Presentation of the current changes using the example of the 10,000 ariary banknote, accessed on March 26, 2010
2. ↑ ariary to www.yourdictionary.com
3. ↑ Presentation of all currently valid coin denominations on the homepage of the Banque Centrale de Madagascar , accessed on April 22, 2010
4. ↑ Malagasy coins from various years of issue , accessed on April 22, 2010
5. ↑ Banknote News Madagascar , accessed September 11, 2017
6. ↑ www.madamagazine.com , accessed January 6, 2020

Web links

• Money stinks after all (tagesschau.de archive) - Article at tagesschau.de from December 9, 2006 about the new banknotes
• Illustration of coins and banknotes , accessed August 20, 2009.
• Historical and current banknotes of Madagascar