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Madagascar Shopping & Madagascar Exchange Rate

 
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    Handicrafts include lamba (traditional squares of cloth in various designs and woven materials); zafimaniny marquetry, which is applied to furniture, chessboards and boxes; silverwork such as mahafaly crosses and vangavanga bracelets; jewelry made from shells and precious stones; items woven from reeds, raffia and straw; antemore paper decorated with dried flowers; and embroidery. All products incorporating Malagasy flora or fauna (including dried flowers) often require export permits (see Duty Free section).



    Shopping hours
    Mon-Sat 0930-1800.

    Currency Information:

    Currency
    The pre-colonial
    Ariary (MGA; symbol Ar) has replaced the Malagasy Franc (MGF). Notes are in denominations of Ar10,000, 5,000, 2,000, 1,000, 500, 200 and 100. Coins are in denominations of Ar50, 20, 10, 5, 2 and 1.

    Note: Malagasy Francs are no longer legal tender but can be exchanged at banks until 2009.

    Currency Exchange
    Currency can be bought only at banks and official bureaux de change in hotels and at the airport in Antananarivo. Hotels have a less-favorable exchange rate. The Ariary is a non-convertible currency and cannot be exchanged back into tradable currency. Therefore it is a good idea to exchange currency as required.

    Credit/Debit Cards and ATMs
    American Express, Diners Club, MasterCard and Visa are accepted at top-end hotels in Tana and the provincial capitals. These and other cards have limited use elsewhere in the country. ATMs are increasingly available around the capital and in some of the larger towns.

    Traveller's Cheques
    These can be exchanged in banks and major hotels. To avoid additional exchange rate charges, travelers are advised to take traveller's cheques in Euros or US Dollars.

    Currency Restrictions
    Restrictions apply.

    Banking Hours
    Mon-Fri 0800-1100 and 1400-1600.

    Exchange Rate Indicators
    DateJan 09
    £1.00=Ar2,763.07
    $1.00=Ar1,893.94
    €1.00=Ar2,536.53



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