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200 Ariary

发行方 Banky Foiben'i Madagasikara
年份 2017-2022
类型 Standard circulation banknote
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背面描述 The left field carries a vignette of the endemic succulent Pachypodium baronii against the landscape of Nosy Hara National Park, supported by a guilloche volute underprint. The Malagasy moon moth (Argema mittrei), rendered in the right field, displays its characteristic elongated hindwing tails in careful detail. The denomination and value inscriptions are positioned within the surrounding legend.
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防伪描述 Zebu's head watermark; electrotype numeral '200'
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The 200 Ariary denomination sits at the lower end of Madagascar's current paper series — modest enough that it sees genuine street circulation rather than the drawer-hoarding that afflicts higher values. Giesecke & Devrient, which has printed Malagasy currency through multiple political transitions on the island, produced this through their Leipzig facility, one of the oldest continuously operating security printing operations in the world.

Security provision is minimal for the denomination — watermark only, no security thread. That choice reflects cost-to-denomination economics more than any oversight.

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