Convert Bosnia-Herzegovina Convertible Mark to Malagasy Ariary
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Malagasy Ariary
1 BAM = 0.000376467440545762 MGA
Example: convert 15 BAM to MGA:
15 BAM = 15 × 0.000376467440545762 MGA = 0.00564701160818644 MGA
Bosnia-Herzegovina Convertible Mark to Malagasy Ariary Conversion Table
| Bosnia-Herzegovina Convertible Mark | Malagasy Ariary |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.