Convert MGA [Malagasy Ariary] to TRY [Turkish Lira] Online | Free currency Converter
MGA [Malagasy Ariary]
The Malagasy Ariary, abbreviated as MGA, is the official currency of Madagascar. Introduced in 1961, it replaced the Malagasy franc and is issued and regulated by the Central Bank of Madagascar, which manages monetary policy and ensures economic stability. The ariary is subdivided into 5 iraimbilanja, though these smaller units are rarely used in daily transactions. The currency is available in both coins and banknotes, with coins ranging from 1 to 50 ariary and banknotes from 100 to 20,000 ariary, featuring national heroes, cultural symbols, and iconic landmarks. Widely used in daily transactions, trade, salaries, and tourism, the MGA plays a vital role in supporting Madagascarβs domestic economy. Its stability is essential for commerce, financial confidence, and economic growth.
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[Turkish Lira]
The Turkish Lira, abbreviated as TRY, is the official currency of Turkey. Introduced in 1923 following the establishment of the Republic of Turkey, it has undergone several reforms, including a major redenomination in 2005. The lira is issued and regulated by the Central Bank of the Republic of Turkey, which manages monetary policy and ensures economic stability. The currency is subdivided into 100 kuruΕ and is available in both coins and banknotes. Coins typically range from 1 to 50 kuruΕ, while banknotes range from 5 to 500 lira, featuring national heroes, cultural symbols, and historic landmarks. Widely used in daily transactions, trade, salaries, and tourism, the TRY plays a vital role in supporting Turkeyβs economy, fostering commerce, financial confidence, and growth.
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