Convert Malagasy Ariary to Bhutanese Ngultrum
Please provide values below to convert Malagasy Ariary [MGA] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Malagasy Ariary.
How to Convert Malagasy Ariary to Bhutanese Ngultrum
1 MGA = 51.2629309995543 BTN
Example: convert 15 MGA to BTN:
15 MGA = 15 × 51.2629309995543 BTN = 768.943964993315 BTN
Malagasy Ariary to Bhutanese Ngultrum Conversion Table
| Malagasy Ariary | Bhutanese Ngultrum |
|---|
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.
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.