Convert Malagasy Ariary to Israeli New Sheqel
Please provide values below to convert Malagasy Ariary [MGA] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Malagasy Ariary.
How to Convert Malagasy Ariary to Israeli New Sheqel
1 MGA = 1323.84795216741 ILS
Example: convert 15 MGA to ILS:
15 MGA = 15 × 1323.84795216741 ILS = 19857.7192825112 ILS
Malagasy Ariary to Israeli New Sheqel 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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.