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50 Francs / 10 Ariary

Issuer Institut d'Émission Malgache
Year 1961
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Composition Cotton paper
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Obverse description A vignette at centre-left presents a young woman in three-quarter profile wearing a traditional hat, set against an intricate underprint of foliage and fruit. Two rectangular cartouches occupy the lower corners, each bearing one of the two authorising signatures. Denomination inscriptions appear in both French and Malagasy, with engraver and designer credits rendered in intaglio at the lower margin.
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Reverse description A central vignette presents a man wearing a traditional hat, with riverside dwellings and a pirogue rendered in the background landscape. The composition is executed in intaglio engraving, with denomination numerals and bank title inscriptions framing the scene. Designer and engraver credits appear at the lower margin.
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Protection type Watermark
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