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| 背面描述 | A central polychrome vignette presents a harvest composition of Madagascar's principal agricultural products — rice stalks, vanilla flowers and pods, lychee fruits, and pepper — arranged as a decorative bouquet against a pale yellow-green guilloche underprint. A vertical windowed security thread with embedded green shifting text runs through the center of the note. A stylized bird motif appears at lower right, and the denomination 20000 is rendered in large numerals at lower left and vertically along the right edge. |
| 背面铭文 | BANKY FOIBEN'I MADAGASIKARA 20000 ROA ALINA ARIARY HELOHIN'NY LALANA HIASA ANTERIVOZONA MANDRAPAHAFATINY NY MPANAO VOLA SANDOKA. LA LOI PUNIT DE TRAVAUX FORCES A PERPETUITE TOUT CONTREFACTEUR DE MONNAIE. |
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The 20000 Ariary is the highest face value in Madagascar's current paper series, introduced as the country's economy demanded a more practical large-denomination note for everyday high-value transactions. Giesecke & Devrient's Leipzig facility has produced Malagasy currency through multiple political transitions — including the turbulent 2009 coup that effectively isolated the country from international monetary institutions for several years, disrupting normal note procurement cycles.
Security specification for this denomination is relatively modest: a thread and watermark, without the optically variable ink or color-shifting elements found on comparable high-value notes from neighboring African issuers. Pick 104.