Collection: Madagascar Banknotes

The Malagasy ariary is one of only two currencies in the world that is not divided by ten: each ariary is equivalent to five iraimbilanja, "an iron weight" in Malagasy, in tribute to the pre-colonial iron currency. The other exception is the Mauritanian ouguiya.

A currency to distance itself from France

The ariary replaced the Malagasy franc on January 1, 2005, by decision of Marc Ravalomanana's government, as part of a shift toward Malagasy identity and a symbolic distance from the former colonial metropole.

Landscapes of Africa's largest island

The banknotes, ranging from 100 to 20,000 ariary, feature landscapes and scenes typical of Madagascar, the largest island in Africa and one of the largest on the planet, with motifs linked to agriculture and Malagasy rural life.

What you will find here

Malagasy ariary with Pick reference and actual condition.

Shipping

Protected and tracked from Spain.

Discover more banknotes from the region in African Banknotes.

If you are interested in this area, combine with Comoros and Mauritius.