Convert Malagasy Ariary to Lebanese Pound
Please provide values below to convert Malagasy Ariary [MGA] to Lebanese Pound [LBP], or Convert Lebanese Pound to Malagasy Ariary.
How to Convert Malagasy Ariary to Lebanese Pound
1 MGA = 0.0494778927374302 LBP
Example: convert 15 MGA to LBP:
15 MGA = 15 × 0.0494778927374302 LBP = 0.742168391061452 LBP
Malagasy Ariary to Lebanese 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.
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.