Convert Turkmenistani Manat to Malagasy Ariary
Please provide values below to convert Turkmenistani Manat [TMT] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Turkmenistani Manat.
How to Convert Turkmenistani Manat to Malagasy Ariary
1 TMT = 0.000790376127352989 MGA
Example: convert 15 TMT to MGA:
15 TMT = 15 × 0.000790376127352989 MGA = 0.0118556419102948 MGA
Turkmenistani Manat to Malagasy Ariary Conversion Table
| Turkmenistani Manat | Malagasy Ariary |
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Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.
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.