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25000 Francs / 5000 Ariary
| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 1998-2003 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | 31 December 2009 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Vignette of two women engaged in vanilla harvesting, accompanied by a variety of tropical produce including jackfruit, bananas, and pineapples. The composition reflects Madagascar's agricultural heritage through detailed intaglio imagery set against a multicolour guilloche background. The denomination in Malagasy Francs is inscribed within the surrounding lettering. |
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| Protection type | Log in to see details |
| Protection description | a zebu head visible when held to light; embedded security thread running vertically through the note. |
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| Comments |
Madagascar's dual-denomination system — Franc and Ariary printed simultaneously on the same note — was a transitional arrangement that persisted for decades before the Ariary finally replaced the Franc as sole legal tender in 2005. The 5:1 conversion rate between the two units traces back to the old Malagasy Franc's colonial arithmetic, and the co-printed values were a practical concession to a population that thought in both systems at once.
Banque de France printed this series throughout its run, a retained relationship from the franc zone era even after Madagascar had long since left the CFA framework.