Catalog
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| Issuer | Banky Foiben'i Madagasikara (Central Bank of Madagascar) |
|---|---|
| Year | 2004-2021 |
| Type | Log in to see details |
| Value | 1 Ariary |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | A frontal zebu (Malagasy humped cattle) head is prominently displayed in the centre of the field, its sweeping long horns curving upward to frame the denomination. The numeral 1 appears within the arc formed by the horns, surmounted by the currency name ARIARY. Two crossed agricultural sprigs — one representing rice and one a grain stalk — flank the zebu head on either side, tied at the base, symbolising Madagascar's agricultural heritage. |
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| Reverse lettering | ARIARY 1 |
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| Additional information |
Madagascar adopted the ariary as its sole legal tender in 2005, replacing the Malagasy franc at a rate of 5 francs to 1 ariary — a redenomination that formalized a unit Malagasy people had already been using colloquially for decades. The franc had been introduced under French colonial rule and retained after independence in 1960; dropping it carried deliberate symbolic weight.
KM#29 bridges the transition, with the dating range beginning just before the official switchover.