Convert Egyptian Pound to Malagasy Ariary
Please provide values below to convert Egyptian Pound [EGP] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Egyptian Pound.
How to Convert Egyptian Pound to Malagasy Ariary
1 EGP = 0.0110818862637913 MGA
Example: convert 15 EGP to MGA:
15 EGP = 15 × 0.0110818862637913 MGA = 0.16622829395687 MGA
Egyptian Pound to Malagasy Ariary Conversion Table
| Egyptian Pound | Malagasy Ariary |
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Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.
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.