Malagasy ariary

Malagasy ariary
ariary malgache (French)
	500 franc (100 ariary) banknote (1993)
ISO 4217
Code	MGA (numeric: 969)
Subunit	0.01
Unit
Plural	The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol	Ar‎
Denominations
Subunit
1⁄5	iraimbilanja (franc)
Banknotes
Freq. used	100, 200, 500, 1000, 2000, 5000, 10,000 Ar
Rarely used	20,000 Ar
Coins
Freq. used	10, 20, 50 Ar
Rarely used	1, 2 iraimbilanja; 1, 2, 4, 5 Ar
Demographics
Replaced	Malagasy franc
User(s)	Madagascar
Issuance
Central bank	Banky Foiben'i Madagasikara
Website	www.banky-foibe.mg
Valuation
Inflation	8.8%
Source	The World Factbook, 2013 est.

The ariary (sign: Ar;^[1] ISO 4217 code MGA) is the currency of Madagascar. It is notionally subdivided into 5 iraimbilanja and is one of only two non-decimal currencies currently circulating (the other is the Mauritanian ouguiya). The names ariary and iraimbilanja derive from the pre-colonial currency, with ariary (from the Spanish word "real") being the name for a silver dollar. Iraimbilanja means literally "one iron weight" and was the name of an old coin worth 1⁄5 of an ariary. However, as of May 2023, the unit is effectively obsolete since the iraimbilanja has practically no purchasing power, and the coins have fallen into disuse.

^ "Banky Foiben'i Madagasikara [Central Bank of Madagascar]" (in French). Archived from the original on 16 January 2011. Retrieved 24 February 2011.

[1] "Banky Foiben'i Madagasikara [Central Bank of Madagascar]" (in French). Archived from the original on 16 January 2011. Retrieved 24 February 2011.

[1]