 |
|
 |
 |
 |
 |
|
|
Info
Regions
|
|
|
|
|
|
|
|
|
|
|
|
|
Country Guide > Africa > Madagascar | |
Currency The pre-colonial Ariary (MGA) has been reintroduced to replace the Malagasy Franc (MGF). Notes are in denominations of MGA10,000, 5000 and 2000. Malagasy Francs are exchangeable at banks only up until the end of 2005. Currency exchange Malagasy Francs can be bought only at banks and official bureaux de change in hotels and at the airport in Antananarivo. Hotels have a less favourable exchange rate. A few ATMs have now been installed in Antananarivo. Credit & debit cards American Express, Diners Club, MasterCard and Visa are accepted at the capital’s Colbert and Hilton hotels. These and other cards have limited use elsewhere in the country. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Travellers cheques These can be exchanged in banks and major hotels. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros or US Dollars. Currency restrictions The import of local currency is limited to MGA1000. The export of local currency is prohibited to non-residents. The import and export of foreign currency is unlimited, subject to declaration. Exchange rate indicators The following figures are included as a guide to the movements of the Malagasy Franc against Sterling and the US Dollar:
Banking hours Mon-Fri 0800-1500. |