Malagasy Ariary

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Malagasy Ariary

The currency of Madagascar. Issued in 1961, it existed alongside the Malagasy franc until 2005, during which time one ariary was equal to five francs. It is divided into five iraimbilanja, making it one of two currencies in the world not divided into 100 subunits.
References in periodicals archive ?
He charges 50,000 to 75,000 ariary (around $20 to $30) to build a toilet; the rates vary according to the means of the customer.
In the last year, inflation has risen as a result of a 13 per cent devaluation of the Ariary, Madagascar's currency.
Such moves include replacing the currency with the pre-colonial era ariary.