Malagasy Ariary Currency | Madagascar Ariary Notes

Malagasy Ariary

Malagasy ariary Currency:

The ariary is the official currency of Madagascar. It is subdivided into 5 iraimbilanja. It is one of only two non-decimal currencies currently circulating. In 1961, the ariary was introduced. It was equal to 5 Malagasy francs. Coins and banknotes were issued denominated in both francs and ariary. On January 1, the ariary replaced the franc.

Coins in the denominations of 1 franc and 2 francs were issued in 1965. Coins denominated with 5 francs were issued in 1966, followed by 10 and 20 francs in 1970. 10 and 20 ariary coins were introduced in 1978. The denominations of 5 and 50 ariary coins as well as smaller 10 and 20 ariary coins were introduced in 1992.  In between 2003-2004, 1 and 2 ariary coins were introduced.

In 1961, banknotes were introduced in denominations of 50, 100, 500, 1000 and 5000 francs by the Institut d’Émission Malgache. 500 ariary and 5000 ariary notes were introduced in 1993. New notes were introduced in between 2003-2004 in denominations of 100, 200, 500, 1000, 2000, 5000 and 10,000 ariary notes. The Bank Foiben’i Madagasikara introduced a new family of banknotes in 2017. On July 17, 2017, the first four denominations were issued in this series: 2,000-, 5,000-, 10,000 and 20,000 ariary, followed by 100-, 200-, 500 and 1,000 ariary denominations were issued on September 17, 2017.

Malagasy Ariary

Malagasy Ariary (Madagascar):

Code: MGA

Symbol: Ar

Subunit:       

​1⁄5 = iraimbilanja (franc)

Banknotes:  

Ar100, 200, 500, 1000, 2000, 5000, 10,000, 20,000

Coins:

1, 2 iraimbilanja, Ar1, 2, 4, 5, 10, 20, 50

Central bank:         

Banque Centrale de Madagascar

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