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5000 Francs / 1000 Ariary
| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 1983-1988 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 152 × 82 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANKY FOIBEN'I MADAGASIKARA ARIVO ARIARY 5000 LE GOUVERNEUR |
| Reverse description | Log in to see details |
| Reverse lettering | BANKY FOIBEN'I MADAGASIKARA 5000 ARIVO ARIARY |
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| Comments |
Madagascar's dual-denomination system — Malagasy Ariary running alongside the CFA-derived Franc Malagasy at a fixed 5:1 ratio — created the unusual necessity of printing both values on every note. The Ariary had been the traditional counting unit long before metrification, and the government declined to abandon it even after independence, making Madagascar one of the few countries where the face of a circulating note carries two distinct denomination figures that are not equivalent to each other in any foreign-exchange sense.
Thomas De La Rue produced this series through most of the 1980s, a period when Madagascar's economy was under severe IMF structural adjustment pressure and foreign exchange for printing contracts was itself a managed resource.