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| 裏面の説明 | The central intaglio vignette presents a zebu-drawn cart carrying a driver and two passengers across an open rural landscape, with a range of mountains receding into the distance. Fine guilloche border work frames the composition on all sides, and bilingual inscriptions in French and Malagasy appear in the upper and lower registers, including the statutory counterfeiting warning. |
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| 偽造防止技術 | Watermark |
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The Institut d'Émission Malgache was a transitional authority, established after independence in 1960 to manage currency before the Banque Centrale de Madagascar took over in 1973. This note belongs to the first truly Malagasy series — prior issues were overprinted French colonial stock. Philibert Tsiranana, whose name the note carries, was Madagascar's first president, and the use of his likeness reflected the new republic's need to establish political identity through its currency.
Engraving divided between Lambert on the obverse and Marliat on the reverse was routine Banque de France practice for the period, each specialist handling a single side.