Convert Burundian Franc to Malagasy Ariary
Please provide values below to convert Burundian Franc [BIF] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Burundian Franc.
How to Convert Burundian Franc to Malagasy Ariary
1 BIF = 0.67046398736988 MGA
Example: convert 15 BIF to MGA:
15 BIF = 15 × 0.67046398736988 MGA = 10.0569598105482 MGA
Burundian Franc to Malagasy Ariary Conversion Table
| Burundian Franc | Malagasy Ariary |
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Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.
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.