Convert Kazakhstani Tenge to Malagasy Ariary
Please provide values below to convert Kazakhstani Tenge [KZT] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Malagasy Ariary
1 KZT = 0.120748741822825 MGA
Example: convert 15 KZT to MGA:
15 KZT = 15 × 0.120748741822825 MGA = 1.81123112734238 MGA
Kazakhstani Tenge to Malagasy Ariary Conversion Table
| Kazakhstani Tenge | Malagasy Ariary |
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.