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| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 1988-1994 |
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| Value | 5000 Francs = 1000 Ariary (1000 MGF) |
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| Obverse description | At centre, an intaglio vignette portrays a Malagasy woman in a traditional broad-brimmed straw hat carrying a young child on her back, set against a blue and green multicolour guilloche underprint. A large circular rosette occupies the left field, and a nautilus shell motif is positioned at the lower right. The bank title BANKY FOIBEN'I MADAGASIKARA runs along the top border, with the denomination inscribed as ARIVO ARIARY and the numeral 5000 across the lower portion, alongside the signature of LE GOUVERNEUR at right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse carries a vignette of the National Library of Madagascar alongside the Independence stele in the Antaninarenina district of Antananarivo, rendered within a multicolour guilloche underprint. Denomination numerals and bilingual inscriptions in Malagasy and French are arranged within the border areas. |
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| Comments |
The dual denomination — 5000 Francs and 1000 Ariary — reflects Madagascar's prolonged currency transition following the ariary's official introduction in 1961, when the government defined 1 Ariary as equal to 5 Malagasy Francs. That conversion rate was maintained for decades, and issuing authorities simply printed both on the same note rather than force a clean break. The franc was not fully phased out until 2005, meaning this note circulated across a remarkably long transitional window.
Thomas De La Rue printed the series through multiple years within the 1988–1994 issue range, though date variants are not always clearly differentiated in dealer stock.