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The Malagasy ariary is the official currency of Madagascar. The ISO code for the Malagasy ariary is MGA. The ariary is only one of two circulating currencies in the world with division units not based on a power of ten, but instead each ariary consists of five iraimbilanja. On January 1, 2005 the ariary replaced the previous currency, the Malagasy franc. One Malagasy franc was valued at 0.2 ariarys (one iraimbilanja). The banknotes show how many francs they are worth, however it has not been done for the coins.
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