Malagasy ariary Casinos 2026

Madagascar’s Malagasy ariary carries the code MGA and is issued by Banky Foiben’i Madagasikara, the country’s central bank. It is unusual because the formal subdivision is based on five iraimbilanja to one MGA rather than a decimal hundred-part system. In practice, prices and modern cash use are overwhelmingly expressed directly in whole MGA values. The currency replaced the Malagasy franc as the sole official unit in 2005 after a transition in which both units appeared in public life. Current notes and coins are maintained by the central bank for domestic circulation. Electronic transactions still depend on banks and payment services: money arriving from another currency may be converted before it reaches an MGA account, with the processor setting the relevant rate and charge.

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