20 Malagasy Ariary Coin (Issued 2003)

The 20 Malagasy Ariary coin issued in 2003 forms part of Madagascar’s modern coinage following the full transition from the Malagasy franc (FMG) to the Ariary. These coins were introduced for everyday circulation and reflect the country’s agricultural heritage and national identity, but they are now commonly found outside circulation and are no longer accepted by most high-street banks.

The obverse of the coin displays the national emblematic style used during this period, featuring the denomination “ariary 20” at the centre, surrounded by a wreath and a five-pointed star above. Around the outer edge appears the inscription “REPOBLIKA DEMOKRATIKA MALAGASY,” reinforcing the coin’s official status as legal tender of the Republic of Madagascar at the time of issue. The design is clean and utilitarian, consistent with circulating coinage intended for daily use.

On the reverse, the coin depicts a rural agricultural scene, showing a farmer working the land with traditional tools, set against stylised fields and a rising sun. This imagery reflects Madagascar’s reliance on agriculture and the importance of rural labour to the national economy. Beneath the scene is a ribbon bearing a Malagasy motto associated with work and productivity, a recurring theme across Ariary coin designs of this era.

Struck in a silver-coloured metal, the 20 Ariary coin is durable and practical rather than decorative, but its cultural symbolism makes it of interest to collectors and those holding leftover Malagasy currency. Since Madagascar’s coins are rarely accepted for exchange by UK banks, specialist services are usually required.

• Indicate the quantity of 20 Malagasy Ariary coins you want to exchange

• Click the ‘Add to your account’ button

• Your online account now shows the exchange value

We offer a secure UK-based service for exchanging withdrawn and non-circulating Malagasy coins, including Ariary denominations issued in 2003. Many banks do not accept foreign coins due to handling and resale limitations, but we regularly process coins from Madagascar for individuals, charities, and businesses.

Rarer or less commonly encountered coins may require additional verification as part of standard authenticity checks, which can occasionally extend processing times.