50 Ariary motto D

Madagascar's ariary coinage is notable for denominating in a unit that had already existed as a conceptual subdivision long before decimalization — the ariary predates the franc as a reference point in local trade, with roots in 19th-century Merina Kingdom exchange. The "motto D" designation distinguishes this from earlier reverse varieties in the KM#32 series, a distinction that matters to type collectors but is rarely flagged at point of sale.