Convert Malagasy Ariary to Gibraltar Pound
Please provide values below to convert Malagasy Ariary [MGA] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Malagasy Ariary.
How to Convert Malagasy Ariary to Gibraltar Pound
1 MGA = 5981.72551668243 GIP
Example: convert 15 MGA to GIP:
15 MGA = 15 × 5981.72551668243 GIP = 89725.8827502364 GIP
Malagasy Ariary to Gibraltar Pound Conversion Table
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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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.