Convert Malagasy Ariary to Nicaraguan Córdoba
Please provide values below to convert Malagasy Ariary [MGA] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Malagasy Ariary.
How to Convert Malagasy Ariary to Nicaraguan Córdoba
1 MGA = 120.378603932997 NIO
Example: convert 15 MGA to NIO:
15 MGA = 15 × 120.378603932997 NIO = 1805.67905899495 NIO
Malagasy Ariary to Nicaraguan Córdoba Conversion Table
| Malagasy Ariary | Nicaraguan Córdoba |
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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.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.