Catalog
5000 Ariary
| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 2017-2022 |
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| Size | 139 × 75 mm |
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| Obverse description | Central vignette of the Ranomafana waterfall in the Fianarantsoa province, rendered in intaglio within an oval guilloche underprint on a cream ground with diagonal pink wave patterns. The bank title BANKY FOIBEN'I MADAGASIKARA appears in green at upper right, flanked by a stylised map of Madagascar and a rosette security element; the denomination 5000 ARIARY is printed in large dark red numerals at upper left and lower centre. A governor's signature with the title LE GOUVERNEUR appears at lower left, accompanied by decorative geometric borders in yellow and red at the note margins. |
|---|---|
| Obverse lettering | BANKY FOIBEN'I MADAGASIKARA 5000 ARIARY DIMY ARIVO ARIARY LE GOUVERNEUR |
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| Comments |
The 5000 Ariary is among the higher denominations in Madagascar's current polymer-adjacent cotton series, though the island's persistent inflation has steadily eroded its purchasing power — by the early 2020s it was worth roughly the equivalent of a dollar and change. Giesecke & Devrient's Leipzig facility has handled Malagasy currency production for much of the modern period, supplying notes to a central bank that has navigated recurring foreign exchange crises and donor-dependent fiscal cycles since the mid-2000s political rupture that cost Madagascar its AGOA trade eligibility.