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| 正面描述 | 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. |
|---|---|
| 正面铭文 | 登录 以查看详情 |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | 登录 以查看详情 |
| 签名 | 登录 以查看详情 |
| 防伪类型 | 登录 以查看详情 |
| 防伪描述 | Zebu head and denomination watermark; holographic band at right of obverse revealing facial value, ravinala tree, rainbow, and letters BMF at varying angles; optically variable ink diamond device at upper left of reverse shifting between green and purple; three-dimensional security element at centre right of obverse |
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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.