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2500 Francs / 500 Ariary
| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 1992-1998 |
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| Composition | Log in to see details |
| Size | 147 × 79 mm |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Watermark, Security thread |
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| Variants | P#72Aa - Signature 3 P#72Ab - Signature 5 |
| Comments |
Thomas De La Rue printed this series across a seven-year span, during which Madagascar was navigating the turbulent shift from the socialist Second Republic to multiparty democracy — the 1992 constitution effectively ended Didier Ratsiraka's first long presidency and opened the political instability that would define the decade. The Ariary denomination runs parallel to the Franc value on this note at a fixed 1:5 ratio, a convention Madagascar maintained on its currency long before the Ariary became the sole official unit in 2005.
Pick lists multiple signature varieties within the P#72A designation, making date and signatory combination an important factor when cataloguing individual examples.