Currency history
Malagasy ariary
- Dates in use
- Still in use; introduction date not established here
- Currency code
- MGA
- Ancestry branch
- French franc
Its place in the family
All ancestors and descendants ↗Malagasy ariary
This currencyChildren 0
No successor is established here.
Trace its ancestry backward
Malagasy ariary
Malagasy franc
French franc
Livre tournois
Frankish denier–livre
Roman solidus–nomisma
Roman as–denarius accounting
Earlier ancestry is not established here.
The story
On January 1, 2005 the ariary replaced the Malagasy franc as official unit of account at one ariary per five francs. [1]
New ariary-denominated notes precede the accounting change. [2]
Turning points
Unit replacement
The ariary becomes the accounting unit. Ariary-denominated new notes had already launched on July 31, 2003. [3]
Sources and evidence
- International Monetary Fund · Second and Third PRGF Reviews, Informational Annex, 2008
- Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history
- Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history
Open the complete research record →
Full claims, evidence coverage, corrections and earlier interpretations are kept separately.
Cite this page
“Malagasy ariary.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/FTM000271.html