20000 Malagasy Ariary banknote (Ambatovy Nickel Mine) Issued 2017

The 20000 Malagasy Ariary banknote, issued in 2017 by the Central Bank of Madagascar (Banky Foiben’i Madagasikara), is one of the highest denominations in the modern Ariary series and reflects the country’s economic development, natural resources, and modern industry. While still recognised as legal tender in Madagascar, higher-denomination Ariary notes are often removed from circulation outside the country and are commonly presented for exchange through specialist currency services.

The front of the 20000 Ariary banknote prominently features a detailed illustration of Madagascar’s industrial sector, centred on the Ambatovy Nickel Mine, one of the country’s most significant mining and processing facilities. The industrial complex is shown with pipelines, towers, and processing units, symbolising Madagascar’s role in global nickel and cobalt production. The design is set within sweeping curved backgrounds in blue and yellow tones, incorporating advanced security elements such as transparent windows, holographic strips, fine micro-printing, and raised tactile features. The denomination “20000 Ariary” is clearly displayed in bold numerals, alongside the outline map of Madagascar and serial numbering.

The reverse of the note highlights Madagascar’s rich agricultural and botanical heritage. A vibrant composition of crops and native plants is shown, including rice ears, flowers, and fruit, representing the importance of agriculture alongside heavy industry in the Malagasy economy. The same modern colour palette continues across the reverse, with layered geometric patterns, colour-shifting elements, and security features designed to deter counterfeiting. The name “Banky Foiben’i Madagasikara” appears prominently, reinforcing the authority of the issuing bank.

Introduced as part of Madagascar’s 2017 banknote series, the 20000 Ariary note showcases a balance between tradition, biodiversity, and economic progress. Outside Madagascar, these notes are no longer routinely accepted by high-street banks, particularly in the UK, making specialist exchange services the most practical option for conversion.

• Indicate the quantity of 20000 Malagasy Ariary banknotes 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We provide a secure UK-based service for exchanging withdrawn and non-circulating Malagasy currency, including high-denomination Ariary banknotes from Madagascar. Many banks are unable to process these notes due to limited demand and regional restrictions, but we regularly handle modern and legacy Malagasy issues for individuals, charities, and businesses.

Rarer or higher-value banknotes may take longer than 5 days due to additional authenticity checks.