Convert Malagasy Ariary to Jersey Pound
Please provide values below to convert Malagasy Ariary [MGA] to Jersey Pound [JEP], or Convert Jersey Pound to Malagasy Ariary.
How to Convert Malagasy Ariary to Jersey Pound
1 MGA = 5981.72551668243 JEP
Example: convert 15 MGA to JEP:
15 MGA = 15 × 5981.72551668243 JEP = 89725.8827502364 JEP
Malagasy Ariary to Jersey Pound 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.
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.