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100 Ariary

Issuer Banky Foiben'i Madagasikara
Year 2017-2022
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Printer Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date)
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Obverse lettering BANKY FOIBEN`I MADAGASIKARA ARIARY ZATO
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Reverse lettering ARIARY ZATO 100
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Comments

Madagascar's 100 Ariary occupies the lowest denomination in the current Banky Foiben'i Madagasikara paper series — a position it has held through multiple printings with minimal design revision. G+D's Leipzig facility has supplied Malagasy currency since at least the early post-independence period, making this a long-standing production relationship rather than an opportunistic contract.

At this denomination, purchasing power is marginal even by local standards. Notes circulate hard and return to the central bank destroyed.

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