Madagascar launches high-denomination banknote


The Central Bank of Madagascar will use a number of different substrates for its new currency series, whose first banknotes were launched today (July 17).

The central bank revealed it would launch four new Malagasy ariary banknotes this month and another four later in the year. The theme for the series is the celebration of the “wealth of Madagascar”.

Among those released this month is the new MGA20,000 ($6.80) note, which is being printed on Giesecke and Devrient’s (G&D) Louisenthal hybrid

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: