Convert Indonesian Rupiah to Malagasy Ariary
Please provide values below to convert Indonesian Rupiah [IDR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Indonesian Rupiah.
How to Convert Indonesian Rupiah to Malagasy Ariary
1 IDR = 3.6781704933442 MGA
Example: convert 15 IDR to MGA:
15 IDR = 15 × 3.6781704933442 MGA = 55.172557400163 MGA
Indonesian Rupiah to Malagasy Ariary Conversion Table
| Indonesian Rupiah | Malagasy Ariary |
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Indonesian Rupiah
The Indonesian Rupiah (IDR) is the official currency of Indonesia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Rupiah was introduced in 1946 to replace the Dutch East Indies gulden. It has undergone various reforms and redenominations over the years, especially following Indonesia's independence and economic changes, to stabilize the economy and control inflation.
Current Use
Today, the Rupiah is widely used across Indonesia for all forms of financial transactions, including cash payments, banking, and digital transactions. It remains the official legal tender of Indonesia.
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.