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20000 Ariary
| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 2017 |
| Type | Log in to see details |
| Value | 20 000 Ariary |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANKY FOIBEN`I MADAGASIKARA ROA ALINA ARIARY |
| Reverse description | Log in to see details |
| Reverse lettering | BANKY FOIBEN'I MADAGASIKARA 20000 ROA ALINA ARIARY HELOHIN'NY LALANA HIASA ANTERIVOZONA MANDRAPAHAFATINY NY MPANAO VOLA SANDOKA. LA LOI PUNIT DE TRAVAUX FORCES A PERPETUITE TOUT CONTREFACTEUR DE MONNAIE. |
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| Comments |
The 20000 Ariary is the highest face value in Madagascar's current paper series, introduced as the country's economy demanded a more practical large-denomination note for everyday high-value transactions. Giesecke & Devrient's Leipzig facility has produced Malagasy currency through multiple political transitions — including the turbulent 2009 coup that effectively isolated the country from international monetary institutions for several years, disrupting normal note procurement cycles.
Security specification for this denomination is relatively modest: a thread and watermark, without the optically variable ink or color-shifting elements found on comparable high-value notes from neighboring African issuers. Pick 104.