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500 Francs
| Issuer | Banky Foiben'i Madagasikara |
|---|---|
| Year | 1994-2004 |
| Type | Log in to see details |
| Value | 500 Francs = 100 Ariary (100 MGF) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANKY FOIBEN'I MADAGASIKARA ARIARY ZATO |
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| Protection type | Log in to see details |
| Protection description | Zebu's head watermark |
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| Comments |
The Banky Foiben'i Madagasikara — Madagascar's central bank, established in 1973 after the country severed its final institutional ties with the Banque de France — continued for decades to contract the same institution for printing. That arrangement was common among Francophone African states and carried real practical advantages: the Banque de France's Chamalières facility offered security paper, intaglio capability, and watermark integration that most newly independent nations couldn't replicate domestically.
The 500 Ariary denomination ran concurrently with this Franc-denominated note throughout much of the issue period, as Madagascar maintained a dual-naming convention — 1 Ariary equaling 5 Francs — until the Franc was officially retired in 2005.