Convert Guinean Franc to Malagasy Ariary
Please provide values below to convert Guinean Franc [GNF] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Guinean Franc.
How to Convert Guinean Franc to Malagasy Ariary
1 GNF = 1.96355946024446 MGA
Example: convert 15 GNF to MGA:
15 GNF = 15 × 1.96355946024446 MGA = 29.453391903667 MGA
Guinean Franc to Malagasy Ariary Conversion Table
| Guinean Franc | Malagasy Ariary |
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Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.
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.