1 MGF (Malagasy franc) is approximately equal to 0.0007 RMB. Malagasy franc was the currency of Madagascar until January 1, 2005. Initially, French francs was into circulation in Madagascar and later it was replaced by MGF. In the year 1943, the first coins were issued by the Free French. This is an online currency conversion tool with which you could convert the MGF (Malagasy franc) to RMB (Chinese Yuan Rembini) exchange rate. One MGF is equal to 0.00071 RMB today.