1. Overview
- Issuer / Bank: Madagascar, issued by the Central Bank of Madagascar (Banky Foiben’i Madagasikara) (en.numista.com, banknotes.com).
- Period of Issue: Third Republic era, specifically 2003 to 2006 (en.numista.com, fr.numista.com).
- Denomination: 5 000 Ariary, equivalently 25 000 Malagasy Francs (as the currency transitioned from the franc to the ariary) (en.numista.com, banknotes.com).
- Currency: Ariary (introduced in 2003, replacing the Malagasy franc) (en.numista.com, Wikipédia).
- Composition: Traditional paper banknote (en.numista.com, fr.numista.com).
- Size: 150 × 75 mm, rectangular format (en.numista.com, fr.numista.com).
- Demonetized: Withdrawn from legal tender on 31 December 2020 (en.numista.com).
2. Design & Imagery
Obverse (Recto):
- Visuals: Depicts fishing boats (sailboats) on the water. A holographic security stripe on the right shows the denomination, a ravinala (traveler’s palm), a rainbow, and the letters “B M F” (en.numista.com, banknotes.com, numizon.com).
- Inscriptions: “BANKY FOIBEN’I MADAGASIKARA” and “DIMY ARIVO ARIARY” (“Five Thousand Ariary”), plus “50000 FRANCS” (Franc denomination) (en.numista.com, banknotes.com, numizon.com).
Reverse (Verso):
- Imagery: Showcases the Bay of Fort-Dauphin (Baie de Fort-Dauphin / Tôlanaro) and a cactus or coastal vegetation feature (en.numista.com, banknotes.com).
- Text: Includes a legal warning in Malagasy and French:
“Helohin’ny lalana hiasa anterivozona mandrapahafatiny ny mpanao vola sandoka – La loi punit de travaux forcés à perpétuité tout contrefacteur de monnaie.”
(The law punishes counterfeiters with forced labor for life) (banknotes.com, en.numista.com).
3. Security Features
- Watermark: A zebu cattle head along with the electrotype of the denomination “5000” (en.numista.com).
- Holographic stripe: As mentioned, showing dynamic elements—the denomination, ravinala, rainbow, “B M F” (en.numista.com, banknotes.com, numizon.com).
- Three-dimensional (3D) element: Present at the center right, enhancing visual and tactile verification (en.numista.com, banknotes.com).
4. Production Details & Variants
- Printer: Produced by Giesecke & Devrient, based in Leipzig, Germany (en.numista.com, numizon.com).
- Reference codes:
- Pick number: P# 84 (en.numista.com, fr.numista.com, numizon.com).
- Standard catalog number: N# 206393 (en.numista.com).
- Signature: Signed by Gaston Édouard Ravelojaona, annotated as “Le Gouverneur” (numizon.com).
- Print runs: The undated series (2003–2006) included approximately 130 million notes plus a minor run of 500,000 in some variants (en.numista.com).
5. Cultural & Contextual Notes
- This banknote belongs to the “Madagascar and its Riches – Series 1”, highlighting maritime and coastal heritage, particularly Fort-Dauphin Bay—a site of historic and geographic significance (en.numista.com).
- The dual-denomination reflects the transition from the Malagasy franc to the ariary, demonstrating economic modernization and cultural heritage retention (Wikipédia).
- The warning text in both Malagasy and French underscores the bilingual legal heritage in Malagasy currency design.
- Featuring the zebu watermark ties into Madagascar’s cultural and economic identity, as zebu cattle are central to agriculture and tradition.
Summary Table
| Category | Details |
|---|---|
| Issuer / Bank | Central Bank of Madagascar |
| Period | 2003–2006 (Third Republic) |
| Denomination | 5 000 Ariary = 25 000 Francs |
| Composition / Size | Paper; 150 × 75 mm, rectangular |
| Demonetized | 31 December 2020 |
| Obverse Design | Fishing boats, hologram stripe, ravinala, denomination inscriptions |
| Reverse Design | Bay of Fort-Dauphin, cactus, anti-counterfeiting legal text |
| Security Features | Watermark (zebu head + 5000), holographic stripe, 3D element |
| Printer | Giesecke & Devrient, Germany |
| Reference / Signature | Pick P#84, N#206393; signed by Gaston Édouard Ravelojaona |
| Print Runs | ~130 million + 500,000 variant |
| Cultural Notes | Maritime imagery, bilingual legal text, dual currency transition, zebu symbolism |





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