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Exchange Rate: the Ariary Continues Its Decline – Madagascar-tribune.com

Summary by Madagascar-tribune.com
As the Malagasy authorities multiply the ambitious declarations on the economic development of the country, the ariary silently continues its slide against the big currencies, especially the euro. According to official data published by the Central Bank of Madagascar, the exchange rate has increased from 5,084 MGA for one euro to more than 5,190 MGA in less than a month, even approaching 5,192 ariary on 2 July 2025. An evolution that the authori…
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As the Malagasy authorities multiply the ambitious declarations on the economic development of the country, the ariary silently continues its slide against the big currencies, especially the euro. According to official data published by the Central Bank of Madagascar, the exchange rate has increased from 5,084 MGA for one euro to more than 5,190 MGA in less than a month, even approaching 5,192 ariary on 2 July 2025. An evolution that the authori…

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madagascar-tribune.com broke the news in on Thursday, July 3, 2025.
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