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10 Ariary Ibis

Issuer Madagascar
Year 1988
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Currency Franc (1963-2004)
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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.

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