Catalog
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| Issuer | Madagascar |
|---|---|
| Year | 1988 |
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| Currency | Franc (1963-2004) |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | REPOBLIKA DEMOKRATIKA MALAGASY ariary 10 1988 (Translation: 10 ariary Madagascan democratic republic) |
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| Edge | Reeded |
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| Additional information |
Madagascar issued a series of gold wildlife coins in the late 1980s as part of a broader conservation-themed program targeting foreign collectors and investor markets — hard currency generation during a period when the country was operating under IMF structural adjustment conditions following its socialist-era economic collapse. These pieces saw negligible domestic circulation and were effectively export commodities from the moment of minting.
KM#16 is among the smaller-denomination outputs of that program, with the ibis selected partly due to Madagascar's status as one of the last refuges for several endemic waterbird species found nowhere else.