With a meagre monthly income of just 140,000
ariary -- 60,000 lower than the minimum wage -- Volatiana can only afford the services of Dety, but calls on Lucie if she suffers complications.
She earns a paltry 40,000
ariary ($12) per month but she keeps only 5,000 ($1.50) and sends the rest her family.
A higher than expected wage bill and the strong
Ariary created some financing pressures.
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.
Cours des devises mensuels en
ariary. [cited 2011 04 March], Available flora: http://www.banque-centrale.mg/.
(20) Currency in Madagascar: Madagascar
ariary (MGA).
In the last year, inflation has risen as a result of a 13 per cent devaluation of the
Ariary, Madagascar's currency.
Prepaid telephone cards worth 1,000
Ariary (about 46[cents] in the local currency) are sold for 12,000
Ariary ($5.50), etc.
Madagascar has recently replaced its Malagasy francs with a new currency, the
Ariary, using holographic stripes on the two highest denominations.
Such moves include replacing the currency with the pre-colonial era
ariary.
They are elaborating additional tax policy and administration reforms to maintain strong revenue growth in 2018, despite the negative impact of the stronger
Ariary on customs revenues.
The financing will be issued in Malagasy
Ariary, helping SMTP limit foreign currency risk.
