Malagasy Ariary
The currency used in Madagascar is called the Malagasy Ariary. This currency has been in circulation since 1961, replacing the previously used Malagasy Franc. The Ariary is divided into smaller units called iraimbilanja. The exchange rate for the Ariary can fluctuate, so it is important to check the current rates before making any currency conversions.
The Ariary is used for everyday transactions in Madagascar, and it is accepted by most businesses and vendors. It is advisable to carry smaller denominations of the currency for convenience, as larger bills may not always be accepted or easily exchanged.
When visiting Madagascar, it is recommended to exchange your currency for Malagasy Ariary upon arrival. Many hotels, banks, and exchange bureaus offer currency exchange services. It is also possible to withdraw local currency from ATMs, although it is advisable to check for any associated fees or limitations beforehand.
While traveling in Madagascar, it is important to handle your currency with care and keep it secure. Be cautious of counterfeit bills and only accept currency from reputable sources. It is also a good idea to keep some small denominations on hand for tipping or making small purchases.
Understanding the Malagasy Ariary and its usage will help make your visit to Madagascar a smoother and more enjoyable experience.
Below is the related paper currencies in Malagasy Ariary.
2017 MGA10000