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10000 Ariary / 50000 Francs
| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 2003-2007 |
| Type | Log in to see details |
| Value | 10 000 Ariary = 50 000 Francs (10 000 MGA) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANKY FOIBEN'I MADAGASIKARA IRAY ALINA ARIARY 50 000 Francs |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark, Holographic band, Optically variable ink, Three-dimensional security element |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Madagascar's dual-denomination system — where Ariary and Francs coexisted on the same notes — reflects the country's protracted currency transition. The Ariary had been the official unit since 1961 at a fixed ratio of 1 Ariary to 5 Francs, but the Malagasy Franc remained legal tender until 2004, meaning notes from the early part of this series circulated under two simultaneously valid accounting systems.
Giesecke & Devrient's involvement here is straightforward — they handled much of Madagascar's banknote printing through this period. The three-dimensional security element on this denomination is the most technically ambitious feature in the series, which otherwise relied on more conventional counterfeit deterrents.