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10000 Ariary

Issuer Banky Foiben'i Madagasikara
Year 2017
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Value 10 000 Ariary
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Reverse description The reverse is dominated by a central intaglio vignette of a valiha — the traditional Malagasy tubular zither — rendered in reddish-brown tones, accompanied by carved wooden objects representative of Zafimaniry craftsmanship, including an ornately decorated panel and a carved chair. The denomination "10000" and "IRAY ALINA ARIARY" appear at lower left and in vertical orientation at right, with anti-counterfeiting warnings in Malagasy and French at left. A stylized lemur vignette is visible at lower right.
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Protection type Colour-shifting ink, Security thread, Watermark
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Comments

Madagascar's currency structure remains a persistent source of confusion: the Ariary replaced the Malagasy Franc as the sole legal tender unit in 2005, but the franc had itself been pegged at 5 francs to 1 ariary for decades prior — meaning Malagasy users were already thinking in ariary long before the official redenomination. The 10,000 Ariary sits at the high end of the current note series, a denomination that has grown more practically necessary as inflation has eroded smaller values.

G+D's Leipzig facility has printed Malagasy notes across multiple series. The colour-shifting ink on this issue is applied to a relatively modest security package for a high-denomination note — the thread and watermark are the workhorses here.

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