Issued by the Central Bank of Madagascar (Banque Centrale de Madagascar) in 1994, this 500 Francs (equivalent to 500 Ariary) banknote is part of the transitional series bridging the old franc currency and the modern Ariary system.
The obverse features prominent national symbols or notable Malagasy figures, accompanied by denomination numerals, intricate guilloche patterns, and inscriptions in French and Malagasy.
The reverse depicts Madagascar’s cultural motifs, wildlife, or iconic landscapes, reflecting the island’s heritage and biodiversity. Decorative borders and repeating denomination elements complete the design.
Issuer: Central Bank of Madagascar
Denomination: 500 Francs / 500 Ariary
Year: 1994
Dimensions: Approx. 150 × 70 mm
Material: Paper
Security features: Watermark, security thread, guilloche patterns
