Convert Malagasy Ariary to Chinese Yuan
Please provide values below to convert Malagasy Ariary [MGA] to Chinese Yuan [CNY], or Convert Chinese Yuan to Malagasy Ariary.
How to Convert Malagasy Ariary to Chinese Yuan
1 MGA = 617.275317470274 CNY
Example: convert 15 MGA to CNY:
15 MGA = 15 × 617.275317470274 CNY = 9259.12976205411 CNY
Malagasy Ariary to Chinese Yuan 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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).