Historic Malagasy Ariary North Korean won

Malagasy Ariary north korean won history since 01/11/2024 until today (0 years). Search for MGA to KPW exchange rate history for a particular date, month or year.

is the currency (supplied by Central Bank of Madagascar and the currency supplied by Central Bank of the Democratic People's Republic of Korea. The MGA KPW historical data can be seen on the Malagasy Ariary north korean won historical chart.

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.