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500 Ariary / 2500 Francs Hybrid substrate

Issuer Banky Foiben'i Madagasikara
Year 2004
Type Standard circulation banknote
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Obverse description The obverse is printed in brown and orange tones on a guilloche underprint, with a central vignette of a seated woman in traditional dress and hat engaged in basket weaving, rendered in intaglio. To the right, a market scene with stalls and hanging goods is depicted in a lighter orange underprint, alongside a white relief map of Madagascar. The issuer's name BANKY FOIBEN'I MADAGASIKARA appears in a dark horizontal band at the foot of the note, with the denomination 500 ARIARY / 2500 FRANCS displayed at upper right and repeated vertically along the right margin.
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Reverse description The reverse is printed in brown and rust tones, with a central intaglio vignette of zebu cattle in a pastoral landscape, a herder visible to the right. A white relief map of Madagascar with an iridescent colour-shift element appears at upper left. The issuer name BANKY FOIBEN'I MADAGASIKARA is set in a guilloche header band at the top, with the denomination stated as 500 ARIARY / 2500 FRANCS in both the header and at lower left and right, and DIMAN-JATO ARIARY running along the bottom edge.
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Protection description Colour-shifting iridescent map of Madagascar element at upper left of reverse; embedded security thread; watermark visible when held to light.
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