1000 Ariary

Madagascar redenominated from the Malagasy franc to the ariary in 2003 — not a new currency, but a restoration. The ariary had been the country's traditional unit before French colonial monetary policy imposed the franc, and the redenomination ratio of 5 francs to 1 ariary reflected that historical baseline. This note belongs to the series that consolidated that transition, printed by Giesecke+Devrient in Leipzig, a firm that has supplied Madagascar's central bank across multiple series.

The security specification for this denomination is modest — watermark and thread only, with no optically variable ink or other features reported for P#100 specifically.