Dety charges 10,000
ariary ($2.7/2.5 euros), while Lucie asks for 200,000 ($55.4/50 euros).
I've also been told that some Campbell Malagasy words are very similar to Welsh, for example Malagasy's currency is
ariary, while arian means money, or silver, in Welsh.
As a result, the Malagasy
Ariary has appreciated slightly in real effective terms, and the Central Bank of Madagascar has boosted international reserves significantly, well beyond program targets.
It also said that it will launch four new Malagasy
ariary banknotes this month and another four later in the year.
But the island's currency, the
Ariary, has depreciated by about 15 percent against the US dollar so far in 2014, while foreign exchange reserves of the central bank have dwindled somewhat.
In its place, blankets imported from China, which retail for around 10,000
Ariary (roughly $5) (as opposed to the 30,000 - 70,000 Malagasy
Ariary that a blanket made by Somacou can cost, depending on quality), now command 80 per cent of the market share.
A micro-credit scheme called Credimadio lends 14,000
ariary (around $6) with favourable repayment terms in three instalments.
In 2010, SAMIFIN identified
ariary 316,704 billion (approximately $158 million) of suspicious transactions in the construction, logging and mining sectors.
All costs were converted to US dollars using the average exchange rate during the study period (US$1 = 1,802 Madagascar
Ariary).
For category 6, tax rate is 1% of the market value Developed property: between 5 and 10% but may not be less than 2,000
Ariary per building (20.) Valuation Cycle/ Categories 1 to 6: Responsibility for every four years Valuation based on municipal councils' discretion.