10 000 MGA – 2008

1. Overview

• Issuer: Republic of Madagascar (Numista)
• Issuing Bank / Authority: Banky Foiben’i Madagasikara – Central Bank of Madagascar (Numista)
• Period: Third Republic (1992 – 2010) (Numista)
• Type: Standard circulation banknote (Numista)
• Years of Issue: ND (2008) – circulated until 2017 (Numista)
• Face Value: 10 000 Ariary (Numista)
• Currency: Ariary (MGA), in use since 2003 (Numista)
• Composition: Paper (Numista)
• Dimensions: 156 × 78 mm (Numista, Foronum)
• Shape: Rectangular (Numista)
• Demonetized: Yes – withdrawn from circulation on 31 December 2020 (Numista)
• Catalogue Reference: Pick #92 (Numista)

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2. Design and Imagery

Recto (Obverse)

• Main Feature: Palais d’Argent (Silver Palace), Antananarivo (Numista)
• Security Element: Three‑dimensional feature at center right (Numista)
• Holographic Band: Displays denomination, ravinala (traveller’s palm), rainbow, and “BMF” (Numista)
• Text: IRAY ALINA ARIARY and BANKY FOIBEN’I MADAGASIKARA (Numista)

Verso (Reverse)

• Main Scene: Cranes, truck, and bulldozer symbolizing road construction (Numista)
• Political Reference: Logo of President Marc Ravalomanana’s party from the 2001 elections (Numista)
• Optical Feature: Diamond motif with color‑shifting effect (green ↔ purple) (Numista)
• Text: BANKY FOIBEN’I MADAGASIKARA and IRAY ALINA ARIARY (Numista)

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3. Security Features

• Watermark: Zebu’s head with electrotype “10000” (Numista)
• Holographic Band: Denomination, ravinala, rainbow, “BMF” (Numista)
• Three‑Dimensional Security Element: Embedded on obverse (Numista)
• Color‑Shifting Ink: Diamond motif on reverse (Numista)
• Security Thread: Vertical, with micro‑text “BFM 10 000” (Numista)

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4. Production Details and Variants

• Printer: Not publicly disclosed; produced for the Central Bank of Madagascar (Numista)
• Variants:
  • ND (2008 – 2015) – Signature: Rasamoelina, ~506 million printed (Numista)
  • ND (2008 – 2015) – Replacement notes, series A/Z (~2 million) (Numista)
  • ND (2015 – 2017) – Signature: Rasolofondraibe, ~185 million printed (Numista)
• Specimens: Overprinted or perforated “SPECIMEN” (Numista)

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5. Cultural and Historical Notes

• Economic Context: Highest denomination in circulation during its issue, reflecting inflation and large‑value transactions (Numista)
• Symbolism:
  • Palais d’Argent – emblem of national heritage.
  • Construction imagery – emphasis on infrastructure development in the 2000s (Numista)
• Political Note: Rare example of a banknote featuring a political party logo (Numista)
• Withdrawal: Part of the 2017–2018 currency redesign (Numista)

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Summary Table

Feature	Details
Issuer	Republic of Madagascar
Issuing Bank	Banky Foiben’i Madagasikara (Central Bank of Madagascar)
Period	Third Republic (1992 – 2010)
Type	Standard circulation banknote
Years of Issue	ND (2008) – circulated until 2017
Value	10 000 Ariary
Currency	Ariary (MGA)
Composition	Paper
Size	156 × 78 mm
Shape	Rectangular
Demonetized	Yes – withdrawn 31 Dec 2020
Obverse Design	Palais d’Argent, holographic band, 3D security element
Reverse Design	Construction scene with cranes, truck, bulldozer; political logo
Watermark	Zebu’s head + electrotype “10000”
Security Features	Watermark, holographic band, 3D element, color‑shifting ink, security thread
Printer	Not publicly stated; produced for Central Bank of Madagascar
Variants	2008–2015 (Rasamoelina), 2015–2017 (Rasolofondraibe), replacement notes, specimens
Cultural Notes	Highlights architectural heritage and infrastructure development; unusual inclusion of political logo