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10000 Ariary / 50000 Francs

Issuer Banky Foiben'i Madagasikara
Year 2003-2007
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Currency Ariary (2003-date)
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Obverse description The central vignette of the obverse presents the Silver Palace (Palais d'Argent) of Antananarivo, framed by an intricate guilloche underprint in which denomination numerals and issuer inscriptions are arranged. A three-dimensional security element is positioned at centre right, while a holographic band along the extreme right margin reveals, depending on the angle of view, the facial value, a ravinala tree, a rainbow, and the letters BMF.
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Reverse description The reverse carries a vignette of road construction machinery — cranes, a truck, and a bulldozer — arranged as symbols of infrastructure development in Madagascar, with a logotype associated with President Marc Ravalomanana's political movement placed to the left. An optically variable ink diamond device at the upper left shifts between green and purple depending on the viewing angle, and denomination inscriptions appear alongside the issuer name.
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Protection type Watermark, Holographic band, Optically variable ink, Three-dimensional security element
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