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20 Ariary FAO, motto B

Issuer Banque Centrale de Madagascar
Year 1994
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Value 20 Ariary
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Obverse script Latin
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Edge Plain
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Additional information

Madagascar joined the FAO coinage program — a United Nations initiative launched in the 1960s to raise agricultural awareness through circulating currency — relatively late, and this 1994 issue reflects the organization's sustained push into Francophone Africa during the post-Cold War period. The "motto B" designation distinguishes a specific reverse die variety by the positioning or rendering of the FAO inscription, a distinction catalogued under KM#24.1 against its counterpart.

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