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 ?
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/.
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.