100 Ariary

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.