Convert Ethiopian Birr to Malagasy Ariary
Please provide values below to convert Ethiopian Birr [ETB] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Ethiopian Birr.
How to Convert Ethiopian Birr to Malagasy Ariary
1 ETB = 0.0308556517109588 MGA
Example: convert 15 ETB to MGA:
15 ETB = 15 × 0.0308556517109588 MGA = 0.462834775664382 MGA
Ethiopian Birr to Malagasy Ariary Conversion Table
| Ethiopian Birr | Malagasy Ariary |
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Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.
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.