Banknotes of Madagascar

The official currency of Madagascar is the Ariary (MGA), issued by the Central Bank of Madagascar. Paper money was first introduced in Madagascar around 1965, following the country's independence from France. In 2005, a significant reform occurred when the Ariary was redenominated, replacing the previous unit at a rate of 5 Ariary to 1 new Ariary. Collectors are drawn to Madagascar's banknotes for their vivid designs, often featuring local flora and fauna. The 2002 series showcases the island’s unique wildlife, including the indri and the fossa, depicted alongside intricate patterns that reflect the nation’s cultural identity.