mzn

MZN stands for Malagasy ariary, the currency of Madagascar. It is subdivided into 100 iraimbilany. The ariary is pegged to the euro and is one of the most stable currencies in Africa. It has been in use since 2005, replacing the Malagasy franc.

The MZN is issued by the Bank of Madagascar, the country's central bank. The bank notes feature images of historical and cultural figures from Madagascar, including its first emperor, Andrianampoinimerina. Coins bear images of traditional Malagasy motifs and numerical values.

The Malagasy ariary is widely accepted in Madagascar, with ATMs and exchange bureaus available in major cities. Credit cards are also accepted in many tourist areas, although cash is still preferred. The official exchange rate is set daily by the Bank of Madagascar.

Madagascar is a high-risk country for currency exchange, and the official exchange rate may not always reflect the market rate. As a result, exchanging currency at official exchange points may not always be the best option. Tourists may find black market rates to be more favorable, but these rates are often unreliable.

Overall, the Malagasy ariary is a stable and widely accepted currency, but its value can be volatile due to the country's economic situation. Bringing sufficient cash and being prepared for exchange rate fluctuations is recommended for travelers to Madagascar.