Madagascar Banknotes Catalog
The history of banknotes in Madagascar reflects the economic and political evolution of this island nation. Since its independence in 1960, Madagascar has undergone several changes in its monetary system, going through different designs and denominations in its banknotes.
Current banknotes in circulation
Currently, Madagascar's official currency is the Malagasy ariary, introduced in 2005 to replace the Malagasy franc. Banknotes in circulation include denominations of 100, 200, 500, 1000, 2000, 5000, 10000 and 20000 ariary. These banknotes feature colorful designs that highlight the island' s unique flora and fauna, as well as cultural and historical elements important to the country.
Old banknotes and relevant facts
Prior to the ariary, Madagascar had been using the Malagasy franc since 1963. Banknotes of this era reflected the French influence and the transition to independence. An important milestone in Malagasy notafilia was the issuance of commemorative banknotes in 1994 to celebrate the 35th anniversary of independence. In addition, during the economic crisis of the 1980s, Madagascar experienced hyperinflation that led to the printing of high-denomination banknotes, including a 50,000 Malagasy franc bill in 1988.
| Country | Madagascar |
| Flag | |
| Coin | Malagasy ariary (MGA) |
| 1€ | 4.901,47Ar |
| Continent | Africa |
| Capital city | Antananarivo |
| ISO2 | MG |
| ISO3 | MDG |
| Catalogued banknotes | 44 |
If you are a collector, you can create your own collection and add your Madagascar banknotes, generate your own free pdf catalog from your control panel thanks to our complete database and use all our banknote management tools. In addition, once entered you can start exchanges with collectors from all over the world easily and for free. There are no limits at Foronum!
Valuable banknotes
The most valuable Madagascar banknotes sought after by collectors are the following:
Banknote Catalog
20000 ariary
100 ariary
10000 ariary
1000 Ariary
500 ariary
2000 ariary
1000 ariary
5000 Francs
10000 Ariary
100 Ariary
50 Francs
1000 Francs
100 Francs
500 Ariary
5000 francs
200 ariary
2000 Ariary
5000 ariary
100 Francs
10000 Francs
