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Malagasy ariary

Currency
Local nameariary malgache  
ISO 4217 CodeMGA
Official userMadagascar
Inflation10%
Subunit
1/5iraimbilanja
Coins and Banknotes
Central bankBanque Centrale de Madagascar

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The ariary (sign: Ar; ISO 4217 code MGA) is the currency of Madagascar. It is subdivided into 5 iraimbilanja and is one of only two non-decimal currencies currently circulating (the other is the Mauritanian ouguiya). The names ariary and iraimbilanja derive from the pre-colonial currency, with ariary being the name for a silver dollar. Iraimbilanja means literally "one iron weight" and was the name of an old coin worth of an ariary.


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