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2000 Ariary

Issuer Banky Foiben'i Madagasikara
Year 2017-2023
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Printer Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date)
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Obverse lettering BANKY FOIBEN'I MADAGASIKARA ROA ARIVO ARIARY 2000
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Protection type Watermark, Security thread
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Comments

Madagascar redenominated from the Malagasy Franc to the Ariary in 2005 — a restoration, technically, since the Ariary had been the country's unit of account before French colonial currency structures displaced it. The 2000 Ariary sits in the mid-range of the current polymer-adjacent series, though this issue retains cotton paper rather than moving to the polymer substrate that some denominations in the region have adopted. Giesecke & Devrient have handled Malagasy banknote production across multiple series, making Leipzig a quiet but consistent presence behind Madagascar's currency infrastructure.