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| 正面描述 | Central vignette of peasant women working in a rice plantation, flanked at left by a portrait of French General Joseph Gallieni and at right by a Malagasy child with cornrow braids. The composition is framed by a geometric guilloche border, with engravers' signatures MUNIER - MARLIAT SC. inscribed in the lower margin. |
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| 背面描述 | 登录 以查看详情 |
| 背面铭文 | BANQUE DE MADAGASCAR ET DES COMORES C. SERVEAU FEC. BAUDIER SC. (Translation: Bank of Madagascar and Comoros Islands) |
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| 防伪类型 | 登录 以查看详情 |
| 防伪描述 | 登录 以查看详情 |
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The Institut d'Émission Malgache was a transitional authority established at independence in 1960 to manage currency while Madagascar moved away from the CFA franc zone — this note belongs to that brief window before the Banque Centrale de Madagascar took over in 1973. Clément Serveau designed extensively for French colonial and post-colonial issues; André Marliat and Pierre Munier were among the most accomplished intaglio engravers working at the Banque de France during this period.
The dual denomination — francs and ariary — reflects the political awkwardness of the moment, acknowledging a Malagasy unit of account that predated French colonization while the franc remained the actual legal tender.