Madagascar Currency
When you say the name Madagascar, the first thing that comes to most people’s minds is the movie based on a jungle in South Africa. But, Madagascar is more than just a movie. The second-largest island country in the world, Madagascar, has a long history. Because of its geographical location has been an important place that makes trade possible, connecting many lands through the Indian Ocean. This could be the reason that the population in Madagascar is growing due to its good resources.What is the Main Currency in Madagascar?
The main currency in Madagascar is Malagasy Ariary which Madagascar currency code is Ar. Malagasy Ariary means silver dollar. Ariary is subdivided into 5 iraimbilanjais as a non-decimal currency, which means division units are not based on a power of ten.
Madagascar is an island country in the Indian Ocean. It works as a virtual port connecting India and East Africa. Being an important port for trading, it encouraged Madagascar to increase its exports. The rich resources available on the island helped the country improve its exports and grow from the low level in the past. Madagascar exports mainly agricultural and forestry products. Being an island, fishing is also prevalent here. This whole account accounts approximately 25% of the country’s GDP.
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