Convert Lebanese Pound to Malagasy Ariary
Please provide values below to convert Lebanese Pound [LBP] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Lebanese Pound.
How to Convert Lebanese Pound to Malagasy Ariary
1 LBP = 20.2110466851693 MGA
Example: convert 15 LBP to MGA:
15 LBP = 15 × 20.2110466851693 MGA = 303.165700277539 MGA
Lebanese Pound to Malagasy Ariary Conversion Table
| Lebanese Pound | Malagasy Ariary |
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Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.
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.