500 Malagasy Ariary banknote (Royal Hill of Ambohimanga) Issued 2017

The 500 Malagasy Ariary banknote, issued in 2017 by the Central Bank of Madagascar (Banky Foiben’i Madagasikara), forms part of the modern polymer-style series that highlights the country’s natural landscapes, wildlife, and UNESCO-recognised heritage sites. The Ariary is the official currency of Madagascar, and this denomination is commonly encountered within the country, though it is rarely accepted or exchanged by UK high street banks.

The front of the banknote features a striking illustration of dramatic rocky pinnacles rising from the landscape, rendered in warm orange and brown tones against layered abstract security patterns. The design reflects Madagascar’s unique geology and biodiversity, with modern graphic elements, micro-patterning, and colour gradients used to enhance both security and visual appeal. The denomination “500 Ariary” is clearly displayed, alongside serial numbers, tactile elements, and the issuing authority name Banky Foiben’i Madagasikara.

The reverse of the note showcases the Royal Hill of Ambohimanga, a historically significant fortified settlement and one of Madagascar’s most important cultural landmarks. The illustration depicts the hilltop complex with its traditional wooden structures, defensive walls, and surrounding greenery, symbolising the political and spiritual heart of the Merina Kingdom. The scene is set within a circular frame, combined with flowing lines, endemic wildlife motifs, and advanced anti-counterfeiting features such as colour-shifting inks and intricate background patterns.

Although the 500 Ariary banknote remains legal tender in Madagascar, it is classed as a non-standard currency outside the country and is often refused by banks due to low international demand. As a result, these notes are frequently presented to specialist exchange services when brought back from travel or held as surplus foreign currency.

• Indicate the quantity of 500 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 Malagasy currency, including modern Ariary banknotes from Madagascar. Many banks do not accept Ariary due to limited convertibility, but we regularly handle these notes for individuals, charities, and organisations.

For less common or higher-value submissions, additional authenticity checks may be required. This can result in slightly longer processing times, particularly for newer designs with advanced security features.