Convert Malagasy Ariary to Turkmenistani Manat
Please provide values below to convert Malagasy Ariary [MGA] to Turkmenistani Manat [TMT], or Convert Turkmenistani Manat to Malagasy Ariary.
How to Convert Malagasy Ariary to Turkmenistani Manat
1 MGA = 1265.2204 TMT
Example: convert 15 MGA to TMT:
15 MGA = 15 × 1265.2204 TMT = 18978.306 TMT
Malagasy Ariary to Turkmenistani Manat Conversion Table
| Malagasy Ariary | Turkmenistani Manat |
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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.
Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.