0.2 Malagasy Ariary Coin – 1 FMG (Issued 2003)

The 0.2 Malagasy Ariary coin, equivalent to 1 Malagasy Franc (FMG), was issued in 2003 as part of Madagascar’s transitional currency system following the introduction of the Ariary. During this period, Madagascar uniquely operated a dual-denomination structure, where Ariary values coexisted alongside the older Malagasy Franc units. This coin reflects that transition, displaying the Ariary denomination while retaining a clear link to the former FMG system.

On the obverse, the coin typically features the national emblem of Madagascar, incorporating symbolic elements that represent sovereignty, unity, and national identity. The design is struck in a utilitarian but distinctive style, suitable for low-denomination circulation, with the country name clearly visible to establish its official status. The metal finish and compact size underline its role as a small-value everyday coin during the early 2000s.

The reverse displays the denomination “0.2 Ariary” alongside the equivalent “1 FMG,” clearly communicating its dual value. Decorative motifs and simple geometric elements frame the denomination, ensuring legibility while maintaining continuity with other Malagasy coin designs of the same era. The year of issue, 2003, is also shown, placing the coin firmly within Madagascar’s modern monetary history.

Although once used in circulation, very low-denomination coins such as the 0.2 Ariary have since fallen out of everyday use due to inflation and changes in spending habits. As a result, these coins are now effectively withdrawn from circulation and are no longer accepted by most banks or retailers. Today, they are more commonly encountered in collections or accumulated holdings of legacy Malagasy currency.

• Indicate the quantity of 0.2 Malagasy Ariary (1 FMG) coins you want to exchange

• Click the ‘Add to your account’ button

• Your online account now shows the exchange value

We provide a secure UK-based service for exchanging withdrawn and non-circulating foreign coins, including low-denomination Malagasy Ariary and legacy FMG-linked issues. Many high-street banks no longer accept such coins, but we regularly handle them for individuals, charities, and businesses.

Rarer or bulk coin submissions may take longer than 5 days due to additional authenticity and processing checks.