Currency history
Malagasy ariary
Malagasy ariary: a currency still in use.
- Dates in use
- Still in use; introduction date not established here
- Currency code
- MGA
- Ancestry branch
- French franc
Its place in the family
Trace ancestors and descendants ↗Select a name for its history or a dated connection for its evidence.
The story
On 1 January 2005 the ariary replaced the Malagasy franc as official unit of account at one ariary per five francs. [1]
New ariary-denominated notes precede the accounting change. [2]
Turning points
Unit replacement
The ariary becomes the accounting unit. Ariary-denominated new notes had already launched on 31 July 2003. [3]
Sources and evidence
- International Monetary Fund · Second and Third PRGF Reviews, Informational Annex, 2008 C548 ↗
- Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history C770 ↗
- Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history C769 ↗
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Cite this page
“Malagasy ariary.” The Family Tree of Money. © Field Technologies, Inc. Reader edition 2026-10-13; research dataset v44. https://familytreeofmoney.org/currency/FTM000271.html