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.
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.