Convert Bulgarian Lev to Malagasy Ariary
Please provide values below to convert Bulgarian Lev [BGN] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Bulgarian Lev.
How to Convert Bulgarian Lev to Malagasy Ariary
1 BGN = 0.000376580351421099 MGA
Example: convert 15 BGN to MGA:
15 BGN = 15 × 0.000376580351421099 MGA = 0.00564870527131648 MGA
Bulgarian Lev to Malagasy Ariary Conversion Table
| Bulgarian Lev | Malagasy Ariary |
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
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.