*
Madagascar
Capital: Antananarivo
Population: 20,653,556
Land Area: 581,540 sq km (224,533 sq miles)
Land Division: 6 Provinces (Antananarivo, Antsiranana, Fianarantsoa, Mahajanga, Toamasina, Toliara)
Currency: Malagasy Franc
Languages: French (Official), Malagasy (Official)
National Day: June 26 (Independence Day)
Religions: Indigenous beliefs 52%, Christian 41%, Muslim 7%
Ethnicity: Malayo-Indonesian (Merina and related Betsileo), Cotiers (mixed African, Malayo-Indonesian, and Arab ancestry - Betsimisaraka, Tsimihety, Antaisaka, Sakalava), French, Indian, Creole, Comoran

French Administration
Franc System: 1 Malagasy Franc = 1 French Franc
Banque de Madagascar - Bank of Madagascar
ND(1937-48) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 5 Francs ND(1937): Front Madagascarian 5 Francs ND(1937): Reverse P35b 5 Francs
[L.3043]
ND(1937) P. Chaudin/
A. Dejouany
UNC €100.00
Madagascarian 10 Francs ND(1937-47): Front Madagascarian 10 Francs ND(1937-47): Reverse P36b 10 Francs
[Q.1269]
ND(1937-47) P. Chaudin/
A. Dejouany
AU/UNC p/h €125.00
Madagascarian 20 Francs ND(1937-47): Front Madagascarian 20 Francs ND(1937-47): Reverse P37b 20 Francs
[V.360]
ND(1937-47) P. Chaudin/
A. Dejouany
UNC- p/h €175.00
Malagasy
Institut d  ' Emission Malgache - Famoahambolanny Republika Malagasy - Madagascan Issuing Institute
ND(1966) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 100 Francs/20 Ariary ND(1966): Front Madagascarian 100 Francs/20 Ariary ND(1966): Reverse P57a 100 Francs/
20 Ariary
[F.16]
ND(1966) V. Miadana XF/AU p/h Archive Photo Icon

ND(1969) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 50 Francs/10 Ariary ND(1969): Front Madagascarian 50 Francs/10 Ariary ND(1969): Reverse P61 50 Francs/
10 Ariary
[H.21]
ND(1969) V. Miadana XF/AU €80.00
Madagascar Democratic Republic
Banky Foiben'Ny Repoblika Malagasy - Banque Centrale de la République Malgache - Central Bank of Madagascar's Republic
ND(1974) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 50 Francs/10 Ariary ND(1974): Front Madagascarian 50 Francs/10 Ariary ND(1974): Reverse P62a 50 Francs/
10 Ariary
[A 52 ]
ND(1974) L. Rajoabelina UNC €25.00
Madagascarian 100 Francs/20 Ariary ND(1974): Front Madagascarian 100 Francs/20 Ariary ND(1974): Reverse P63a 100 Francs/
20 Ariary
[A 19 ]
ND(1974) L. Rajoabelina UNC €30.00
Madagascarian 500 Francs/100 Ariary ND(1974): Front Madagascarian 500 Francs/100 Ariary ND(1974): Reverse P64a 500 Francs/
100 Ariary
[A 49 ]
ND(1974) L. Rajoabelina UNC Archive Photo Icon
Madagascarian 1,000 Francs/200 Ariary ND(1974): Front Madagascarian 1,000 Francs/200 Ariary ND(1974): Reverse P65a 1,000 Francs/
200 Ariary
[A 54 ]
ND(1974) L. Rajoabelina UNC Archive Photo Icon
Madagascarian 5,000 Francs/1,000 Ariary ND(1974): Front Madagascarian 5,000 Francs/1,000 Ariary ND(1974): Reverse P66a 5,000 Francs/
1,000 Ariary
[A 22 ]
ND(1974) L. Rajoabelina UNC Archive Photo Icon

Banky Foiben'I Madagasikara - Central Bank of Madagascar
ND(1983-87) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 1,000 Francs/200 Ariary ND(1983-87): Front Madagascarian 1,000 Francs/200 Ariary ND(1983-87): Reverse P68 1,000 Francs/
200 Ariary
[A 34 ]
ND(1983-87) Randriamaholy UNC Archive Photo Icon
Madagascarian 5,000 Francs/1,000 Ariary ND(1983-87): Front Madagascarian 5,000 Francs/1,000 Ariary ND(1983-87): Reverse P69 5,000 Francs/
1,000 Ariary
[A 11 ]
ND(1983-87) L. Rajoabelina UNC Archive Photo Icon

ND(1988-94) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 500 Francs/100 Ariary ND(1988-93): Front Madagascarian 500 Francs/100 Ariary ND(1988-93): Reverse P71a 500 Francs/
100 Ariary
[AC]
ND(1988-93) Randriamaholy UNC Archive Photo Icon
Madagascarian 500 Francs/100 Ariary ND(1988-93): Front Madagascarian 500 Francs/100 Ariary ND(1988-93): Reverse P71b 500 Francs/
100 Ariary
[AD]
ND(1988-93) Razafimanjato UNC €12.00
Madagascarian 1,000 Francs/200 Ariary ND(1988-93): Front Madagascarian 1,000 Francs/200 Ariary ND(1988-93): Reverse P72b 1,000 Francs/
200 Ariary
[BJ]
ND(1988-93) Razafimanjato UNC €18.00
Madagascarian 2,500 Francs/500 Ariary ND(1993): Front Madagascarian 2,500 Francs/500 Ariary ND(1993): Reverse P72A 2,500 Francs/
500 Ariary
[YA]
ND(1993) Razafimanjato UNC €25.00
Madagascarian 5,000 Francs/1,000 Ariary ND(1988-94): Front Madagascarian 5,000 Francs/1,000 Ariary ND(1988-94): Reverse P73 5,000 Francs/
1,000 Ariary
[CD]
ND(1988-94) Razafimanjato UNC Archive Photo Icon
Madagascarian 10,000 Francs/2,000 Ariary ND(1988-94): Front Madagascarian 10,000 Francs/2,000 Ariary ND(1988-94): Reverse P74 10,000 Francs/
2,000 Ariary
[DA]
ND(1988-94) Randriamaholy UNC Archive Photo Icon
Madagascarian 25,000 Francs/5,000 Ariary ND(1993): Front Madagascarian 25,000 Francs/5,000 Ariary ND(1993): Reverse P74A 25,000 Francs/
5,000 Ariary
[FC]
ND(1993) Razafimanjato UNC Archive Photo Icon

ND(1994-95) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 500 Francs/100 Ariary ND(1994): Front Madagascarian 500 Francs/100 Ariary ND(1994): Reverse P75 500 Francs/
100 Ariary
[B]
ND(1994) G. E. Ravelojaona UNC €6.00
Madagascarian 500 Francs/100 Ariary ND(1994): Front Madagascarian 500 Francs/100 Ariary ND(1994): Reverse P75 500 Francs/
100 Ariary
[C]
ND(1994) G. E. Ravelojaona UNC- Archive Photo Icon
Madagascarian 500 Francs/100 Ariary ND(1994): Front Madagascarian 500 Francs/100 Ariary ND(1994): Reverse P75 500 Francs/
100 Ariary
[C]
ND(1994) G. E. Ravelojaona AU/UNC €4.50
Madagascarian 1,000 Francs/200 Ariary ND(1994): Front Madagascarian 1,000 Francs/200 Ariary ND(1994): Reverse P76 1,000 Francs/
200 Ariary
[A]
ND(1994) A. Ravelomanana UNC €12.00
Madagascarian 1,000 Francs/200 Ariary ND(1994): Front Madagascarian 1,000 Francs/200 Ariary ND(1994): Reverse P76 1,000 Francs/
200 Ariary
[C]
ND(1994) G. E. Ravelojaona UNC- Archive Photo Icon
Madagascarian 5,000 Francs/1,000 Ariary ND(1995): Front Madagascarian 5,000 Francs/1,000 Ariary ND(1995): Reverse P78 5,000 Francs/
1,000 Ariary
[A]
ND(1995) A. Ravelomanana UNC Archive Photo Icon
Madagascarian 5,000 Francs/1,000 Ariary ND(1995): Front Madagascarian 5,000 Francs/1,000 Ariary ND(1995): Reverse P78 5,000 Francs/
1,000 Ariary
[A]
ND(1995) G. E. Ravelojaona VF/XF €10.00
Madagascarian 10,000 Francs/2,000 Ariary ND(1995): Front Madagascarian 10,000 Francs/2,000 Ariary ND(1995): Reverse P79 10,000 Francs/
2,000 Ariary
[A]
ND(1995) A. Ravelomanana UNC €40.00
Madagascarian 10,000 Francs/2,000 Ariary ND(1995): Front Madagascarian 10,000 Francs/2,000 Ariary ND(1995): Reverse P79 10,000 Francs/
2,000 Ariary
[B]
ND(1995) G. E. Ravelojaona UNC Archive Photo Icon
Madagascarian 10,000 Francs/2,000 Ariary ND(1995): Front Madagascarian 10,000 Francs/2,000 Ariary ND(1995): Reverse P79 10,000 Francs/
2,000 Ariary
[B]
ND(1995) G. E. Ravelojaona XF €18.00

ND(1998) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 2,500 Francs/500 Ariary ND(1998): Front Madagascarian 2,500 Francs/500 Ariary ND(1998): Reverse P81 2,500 Francs/
500 Ariary
[A]
ND(1998) G. E. Ravelojaona UNC Archive Photo Icon
Madagascarian 25,000 Francs/5,000 Ariary ND(1998): Front Madagascarian 25,000 Francs/5,000 Ariary ND(1998): Reverse P82 25,000 Francs/
5,000 Ariary
[A]
ND(1998) G. E. Ravelojaona UNC Archive Photo Icon

ND(2003) Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 2,000 Ariary ND(2003): Front Madagascarian 2,000 Ariary ND(2003): Reverse P83 2,000 Ariary
[A-A]
ND(2003) G. E. Ravelojaona UNC €10.00
Madagascan 10,000 Ariary ND(2003): Front Madagascan 10,000 Ariary ND(2003): Reverse P85 10,000 Ariary
[A-A]
ND(2003) G. E. Ravelojaona UNC €40.00

2004 Issue
Front Reverse Code Denomination Date Signature Condition Price Cart
Madagascarian 100 Ariary (2004): Front Madagascarian 100 Ariary (2004): Reverse P86a 100 Ariary
[A-A]
2004 G. E. Ravelojaona UNC €1.00
Madagascarian 200 Ariary (2004): Front Madagascarian 200 Ariary (2004): Reverse P87a 200 Ariary
[A-B]
2004 G. E. Ravelojaona UNC €2.00
Madagascarian 500 Ariary (2004): Front Madagascarian 500 Ariary (2004): Reverse P88a 500 Ariary
[A-A]
2004 G. E. Ravelojaona UNC €3.50
Madagascarian 1,000 Ariary (2004): Front Madagascarian 1,000 Ariary (2004): Reverse P89a 1,000 Ariary
[A-A]
2004 G. E. Ravelojaona UNC €7.50



Flags Courtesy of
3D Animated Flags by 3DFlagsPlus.com
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *