1 MGF to BEF Belgian Franc

December 19, 2022 by pkr_to_usd_786

1 MGF to BEF Belgian Franc
Madagascar Franc , The franc (ISO 4217 code MGF) was the currency of Madagascar until 1 January 2005. It was subdivided into 100 centimes. In Malagasy the corr … >>> Find out more from wikipedia. category >>> MGF

1 MGF to BEF Belgian Franc

1 Malagasy Franc ( MGF ) = 0.0016862401924412 Belgian Franc (BEF)

1 MGF = 0.0016862401924412 BEF

1 BEF = 593.0353246724 MGF

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1 Malagasy Franc ( MGF ) Is equal to 0.0016862401924412 Belgian Franc (BEF)
Madagascar Franc
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Malagasy Franc

Madagascar Franc , The franc (ISO 4217 code MGF) was the currency of Madagascar until 1 January 2005. It was subdivided into 100 centimes. In Malagasy the corresponding term for the franc is iraimbilanja, and five Malagasy francs is called ariary. The first francs to circulate in Madagascar were French francs. These were supplemented during the First World War by emergency issues, including issues of postage stamps fixed to pieces of card in denominations of 0.05 up to 2 francs. The Banque de Madagascar was created on 1 July 1925 by the French government. The currency was issued by the government-owned Banque de Madagascar and was pegged at par to the French franc. Only banknotes were issued with French coins continuing to circulate. When the Comoro Islands became a separate French territory, the name of the issuing bank was changed to Banque de Madagascar et des Comores. The Madagascar-Comores CFA franc (XMCF) replaced the franc of Madagascar on 26 December 1945, with the creation of the other CFA francs. The CFA franc was worth 1.7 French francs until 1948 when a devaluation of the French currency increased the rate to 1 CFA franc = 2 French francs. When the new French franc was introduced in 1960, the rate became 1 CFA franc = 0.02 French francs. After independence from France, the privilege to issue banknotes was transferred to the Institut d'Émission Malgache on 31 December 1961. The CFA franc was replaced by the Malagasy franc on 1 July 1963. It was pegged to the French franc with the same value as the CFA franc (1 FRF = 50 MGF), guaranteed by the French treasury. Denominations were given both in francs and ariary, with 5 francs = 1 ariary. Madagascar left the CFA franc zone in 1972 and the Malagasy franc was declared inconvertible. Banknotes were issued by the Institut d'Émission Malgache until 1974 when the Banque Centrale de Madagascar (Central Bank of Madagascar) took over that function. The peg to the French franc was kept until 1982 when a series of devaluations began. Finally, the franc was floated freely in May 1994. On 1 June 1995 the exchange rate had dropped to 1 FRF = 777 MGF. On 1 January 2005 it was replaced by the ariary at a rate of 5 francs to the ariary. By then, the exchange rate was 1 EUR = 11,531 MGF (with one euro = 6.55957 FRF). The first Malagasy coins were issued in 1943 by the Free French. These were bronze 50 centime and 1 franc coins bearing the Cross of Lorraine symbol. In 1948, aluminum 1 and 2 franc coins were introduced, followed by aluminum 5 francs and aluminum bronze 10 and 20 francs in 1953. From 1965, coins were issued denominated in both francs and ariary. Find out more from wikipedia

Belgian Franc

The Belgian franc (Dutch: Belgische frank, French: Franc belge, German: Belgischer Franken) was the currency of the Kingdom of Belgium from 1832 until 2002 when the Euro was introduced. It was subdivided into 100 subunits, known as centiem (Dutch), centimes (French) or Centime (German). The conquest of most of western Europe by revolutionary and Napoleonic France led to the French franc's wide circulation. In the Austrian Netherlands (the current Belgium), the franc replaced the kronenthaler. This was in turn replaced by the Dutch guilder when the United Kingdom of the Netherlands was formed. Following independence from the Kingdom of the Netherlands, the new Kingdom of Belgium in 1832 adopted its own franc, equivalent to the French franc, followed by Luxembourg in 1848 and Switzerland in 1850. Belgian mint working during the late 19th century was innovative and Belgium was the first country to introduce coins made of cupronickel, in 1860 . In 1865, Belgium, France, Switzerland and Italy created the Latin Monetary Union (to be joined by Greece in 1868): each would possess a national currency unit (franc, lira, drachma) worth 4.5 g of silver or 290.322 mg of fine gold, all freely exchangeable at a rate of 1:1. In the 1870s the gold value was made the fixed standard, a situation which was to continue until 1914. In 1926, Belgium, as well as France, experienced depreciation and an abrupt collapse of confidence, leading to the introduction of a new gold currency for international transactions, the Belga worth 5 francs, and the country's withdrawal from the monetary union, which ceased to exist at the end of the year. The Belga was tied to the British pound at a rate of 35 belgas (175 francs) = 1 pound and was thus put on a gold standard of 1 Belga = 209.211 mg fine gold. The 1921 monetary union of Belgium and Luxembourg survived, however, forming the basis for full economic union in 1932. In 1935, the Belgian franc was devalued by 28% to 150.632 mg fine gold and the link between the Luxembourg and Belgian francs was revised to 1 Luxembourgish franc = 1+1⁄4 Belgian francs. Following Belgium's occupation by Germany in May 1940, the franc was fixed at a value of 0.1 Reichsmark, reduced to 0.08 Reichsmark in July 1940. Following liberation in 1944, the franc entered into the Bretton Woods system, with an initial exchange rate of 43.77 francs = US dollar set on 5 October. This was changed to 43.8275 in 1946 and then to 50 following the devaluation of the British pound in September 1949. The Belgian franc was devaluated again in 1982. Like 10 other European currencies, the Belgian/Luxembourgish franc ceased to exist on 1 January 1999, when it became fixed at 1 EUR= 40.3399 BEF/LUF, thus a franc was worth €0.024789. Old franc coins and notes lost their legal tender status on 28 February 2002. Between 1832 and 1834, copper 1, 2, 5 and 10 centime, silver 1⁄4, 1⁄2, 1, 2 and 5 franc, and gold 20 and 40 franc coins were introduced. Some of the early 1 and 2 centimes were struck over Dutch 1⁄2 and 1 cent coins. The 40 franc was not issued after 1841, whilst silver 2+1⁄2 francs and gold 10 and 25 francs were issued between 1848 and 1850. Silver 20 centimes replaced the 1⁄4 franc in 1852. In 1860, cupro-nickel 20 centimes were introduced, followed by cupro-nickel 5 and 10 centimes in 1861. The silver 5 franc was discontinued in 1876. Between 1901 and 1908, holed, cupro-nickel 5, 10 and 25 centime coins were introduced.[citation needed] In 1914, production of the 1 centime and all silver and gold coins ceased. Zinc 5, 10 and 25 centimes were introduced in the German occupied zone, followed by holed, zinc 50 centimes in 1918. Production of 2 centimes ended in 1919. In 1922 and 1923, nickel 50 centime and 1 and 2 franc coins were introduced bearing the text "Good For" ("Bon pour" in French, "Goed Voor" in Dutch). These featured the god Mercury. Nickel-brass replaced cupro-nickel in the 5 and 10 centimes in 1930, followed by the 25 centime in 1938. Nickel 5 and 20 francs were introduced in 1930 and 1931, respectively, followed by silver 20 francs in 1933 and 50 francs in 1939. In 1938 the 5 franc was reduced in size and redesigned along with the 1 franc to depict a lion and heraldic arms. As a consequence of the German occupation in 1940, the silver coinage was discontinued. In 1941, zinc replaced all other metals in the 5, 10 and 25 centimes, and 1 and 5 francs. In 1944 the Allies minted 25 million 2 franc coins at the Philadelphia Mint using leftover planchets for the 1943 steel cent. In 1948, cupro-nickel 5 francs and silver 50 and 100 francs were produced, followed by silver 20 francs in 1949 and cupro-nickel 1 franc in 1950. These coins depicted classical allegoric figures. Bronze 20 and 50 centimes featuring a miner and lantern were minted in 1952. Despite the widely varied dates these coins were issued into circulation only a few years apart as part of a broader currency reform. The silver coinage ceased production after 1955. Cupro-nickel 25 centime coins replaced the 20 centime in 1964. The 25 centime coins were later discontinued in 1975. Nickel 10 francs depicting King Baudouin were introduced in 1969 (only struck until 1979), followed by nickel-bronze 20 francs in 1980 and nickel 50 francs in 1987, all of which - bar the 10 Franc coin - replaced the corresponding banknotes. Aluminium-bronze replaced cupro-nickel in the 5 franc in 1986, whilst nickel-plated iron replaced cupro-nickel in the 1 franc in 1988, which was also significantly reduced in size. These changes coincided with a gradual modernization of the general coinage while older issues were gradually pulled from circulation, similar to what took place during the early postwar years. The new designs were also more identifiable to vending machines and the visually impaired. 1994 saw a redesign of all denominations but the 50 centimes, with a uniform design featuring King Albert II replacing the image of Baudouin. This series ceased production after 2000.
Find out more from wikipedia

Convertion Chart MGF to BEF
MGF		BEF


5 MGF	=	0.0084 BEF
10 MGF	=	0.0169 BEF
15 MGF	=	0.0253 BEF
20 MGF	=	0.0337 BEF
25 MGF	=	0.0422 BEF
30 MGF	=	0.0506 BEF
35 MGF	=	0.059 BEF
40 MGF	=	0.0674 BEF
45 MGF	=	0.0759 BEF
50 MGF	=	0.0843 BEF
55 MGF	=	0.0927 BEF
60 MGF	=	0.1012 BEF
65 MGF	=	0.1096 BEF
70 MGF	=	0.118 BEF
75 MGF	=	0.1265 BEF
80 MGF	=	0.1349 BEF
85 MGF	=	0.1433 BEF
90 MGF	=	0.1518 BEF
95 MGF	=	0.1602 BEF
100 MGF	=	0.1686 BEF
105 MGF	=	0.1771 BEF
110 MGF	=	0.1855 BEF
115 MGF	=	0.1939 BEF
120 MGF	=	0.2023 BEF
125 MGF	=	0.2108 BEF
130 MGF	=	0.2192 BEF
135 MGF	=	0.2276 BEF
140 MGF	=	0.2361 BEF
145 MGF	=	0.2445 BEF
150 MGF	=	0.2529 BEF
155 MGF	=	0.2614 BEF
160 MGF	=	0.2698 BEF
165 MGF	=	0.2782 BEF
170 MGF	=	0.2867 BEF
175 MGF	=	0.2951 BEF
180 MGF	=	0.3035 BEF
185 MGF	=	0.312 BEF
190 MGF	=	0.3204 BEF
195 MGF	=	0.3288 BEF
200 MGF	=	0.3372 BEF
205 MGF	=	0.3457 BEF
210 MGF	=	0.3541 BEF
215 MGF	=	0.3625 BEF
220 MGF	=	0.371 BEF
225 MGF	=	0.3794 BEF
230 MGF	=	0.3878 BEF
235 MGF	=	0.3963 BEF
240 MGF	=	0.4047 BEF
245 MGF	=	0.4131 BEF
250 MGF	=	0.4216 BEF
255 MGF	=	0.43 BEF
260 MGF	=	0.4384 BEF
265 MGF	=	0.4469 BEF
270 MGF	=	0.4553 BEF
275 MGF	=	0.4637 BEF
280 MGF	=	0.4721 BEF
285 MGF	=	0.4806 BEF
290 MGF	=	0.489 BEF
295 MGF	=	0.4974 BEF
300 MGF	=	0.5059 BEF
305 MGF	=	0.5143 BEF
310 MGF	=	0.5227 BEF
315 MGF	=	0.5312 BEF
320 MGF	=	0.5396 BEF
325 MGF	=	0.548 BEF
330 MGF	=	0.5565 BEF
335 MGF	=	0.5649 BEF
340 MGF	=	0.5733 BEF
345 MGF	=	0.5818 BEF
350 MGF	=	0.5902 BEF
355 MGF	=	0.5986 BEF
360 MGF	=	0.607 BEF
365 MGF	=	0.6155 BEF
370 MGF	=	0.6239 BEF
375 MGF	=	0.6323 BEF
380 MGF	=	0.6408 BEF
385 MGF	=	0.6492 BEF
390 MGF	=	0.6576 BEF
395 MGF	=	0.6661 BEF
400 MGF	=	0.6745 BEF
405 MGF	=	0.6829 BEF
410 MGF	=	0.6914 BEF
415 MGF	=	0.6998 BEF
420 MGF	=	0.7082 BEF
425 MGF	=	0.7167 BEF
430 MGF	=	0.7251 BEF
435 MGF	=	0.7335 BEF
440 MGF	=	0.7419 BEF
445 MGF	=	0.7504 BEF
450 MGF	=	0.7588 BEF
455 MGF	=	0.7672 BEF
460 MGF	=	0.7757 BEF
465 MGF	=	0.7841 BEF
470 MGF	=	0.7925 BEF
475 MGF	=	0.801 BEF
480 MGF	=	0.8094 BEF
485 MGF	=	0.8178 BEF
490 MGF	=	0.8263 BEF
495 MGF	=	0.8347 BEF
500 MGF	=	0.8431 BEF

Convertion Chart BEF to MGF
Belgian Franc		MGF


5 BEF	=	2965.1766 MGF
10 BEF	=	5930.3532 MGF
15 BEF	=	8895.5299 MGF
20 BEF	=	11860.7065 MGF
25 BEF	=	14825.8831 MGF
30 BEF	=	17791.0597 MGF
35 BEF	=	20756.2364 MGF
40 BEF	=	23721.413 MGF
45 BEF	=	26686.5896 MGF
50 BEF	=	29651.7662 MGF
55 BEF	=	32616.9429 MGF
60 BEF	=	35582.1195 MGF
65 BEF	=	38547.2961 MGF
70 BEF	=	41512.4727 MGF
75 BEF	=	44477.6494 MGF
80 BEF	=	47442.826 MGF
85 BEF	=	50408.0026 MGF
90 BEF	=	53373.1792 MGF
95 BEF	=	56338.3558 MGF
100 BEF	=	59303.5325 MGF
105 BEF	=	62268.7091 MGF
110 BEF	=	65233.8857 MGF
115 BEF	=	68199.0623 MGF
120 BEF	=	71164.239 MGF
125 BEF	=	74129.4156 MGF
130 BEF	=	77094.5922 MGF
135 BEF	=	80059.7688 MGF
140 BEF	=	83024.9455 MGF
145 BEF	=	85990.1221 MGF
150 BEF	=	88955.2987 MGF
155 BEF	=	91920.4753 MGF
160 BEF	=	94885.6519 MGF
165 BEF	=	97850.8286 MGF
170 BEF	=	100816.0052 MGF
175 BEF	=	103781.1818 MGF
180 BEF	=	106746.3584 MGF
185 BEF	=	109711.5351 MGF
190 BEF	=	112676.7117 MGF
195 BEF	=	115641.8883 MGF
200 BEF	=	118607.0649 MGF
205 BEF	=	121572.2416 MGF
210 BEF	=	124537.4182 MGF
215 BEF	=	127502.5948 MGF
220 BEF	=	130467.7714 MGF
225 BEF	=	133432.9481 MGF
230 BEF	=	136398.1247 MGF
235 BEF	=	139363.3013 MGF
240 BEF	=	142328.4779 MGF
245 BEF	=	145293.6545 MGF
250 BEF	=	148258.8312 MGF
255 BEF	=	151224.0078 MGF
260 BEF	=	154189.1844 MGF
265 BEF	=	157154.361 MGF
270 BEF	=	160119.5377 MGF
275 BEF	=	163084.7143 MGF
280 BEF	=	166049.8909 MGF
285 BEF	=	169015.0675 MGF
290 BEF	=	171980.2442 MGF
295 BEF	=	174945.4208 MGF
300 BEF	=	177910.5974 MGF
305 BEF	=	180875.774 MGF
310 BEF	=	183840.9506 MGF
315 BEF	=	186806.1273 MGF
320 BEF	=	189771.3039 MGF
325 BEF	=	192736.4805 MGF
330 BEF	=	195701.6571 MGF
335 BEF	=	198666.8338 MGF
340 BEF	=	201632.0104 MGF
345 BEF	=	204597.187 MGF
350 BEF	=	207562.3636 MGF
355 BEF	=	210527.5403 MGF
360 BEF	=	213492.7169 MGF
365 BEF	=	216457.8935 MGF
370 BEF	=	219423.0701 MGF
375 BEF	=	222388.2468 MGF
380 BEF	=	225353.4234 MGF
385 BEF	=	228318.6 MGF
390 BEF	=	231283.7766 MGF
395 BEF	=	234248.9532 MGF
400 BEF	=	237214.1299 MGF
405 BEF	=	240179.3065 MGF
410 BEF	=	243144.4831 MGF
415 BEF	=	246109.6597 MGF
420 BEF	=	249074.8364 MGF
425 BEF	=	252040.013 MGF
430 BEF	=	255005.1896 MGF
435 BEF	=	257970.3662 MGF
440 BEF	=	260935.5429 MGF
445 BEF	=	263900.7195 MGF
450 BEF	=	266865.8961 MGF
455 BEF	=	269831.0727 MGF
460 BEF	=	272796.2493 MGF
465 BEF	=	275761.426 MGF
470 BEF	=	278726.6026 MGF
475 BEF	=	281691.7792 MGF
480 BEF	=	284656.9558 MGF
485 BEF	=	287622.1325 MGF
490 BEF	=	290587.3091 MGF
495 BEF	=	293552.4857 MGF
500 BEF	=	296517.6623 MGF