To the 1 August 2003, the Malagasy franc
was replaced by the Ariary:
=
(5 Francs (MGF - Series 1) = 1 Ariary (MGA - Series 2))
2500 Francs:
Series 1 - 1994-1998 (1998) [P-81]
5000 Francs:
Series 1 - 1994-1998 (1995) [P-78]
10000 Francs:
Series 1 - 1994-1998 (1995) [P-79]
25000 Francs:
Series 1 - 1994-1998 (1998) [P-82]
All presented banknotes belong to series, which were - wholly or partially - in circulation during my stay in Madagascar (2008).The collection does not claim to completeness or timeliness.