The ariary is the official currency of Madagascar since 1961, and its name derived from the Spanish word “real”. The Institut d’Émission Malgache (Malagasy Issuing Institute) issued the first notes in denominations of 10, 20, 100, 200 and 1000. In 1973, the Banky Foiben’ny Repoblika Malagasy (Central Bank of the Malagasy Republic) replaced the Institut d’Émission as an official issuing entity and, one year later, introduced new notes with the same denomination. In 1975, the Repoblica Demokratika Malagasy (Democratic Republic of Madagascar), was proclaimed and the former Banky Foiben’ny Repoblika Malagasy was renamed Banky Foiben’i Madagasikara (Central Bank of Madagascar). The newly renamed entity introduced notes of 2000 ariary. In 2017 the Bank Foiben’i Madagasikara (Central Bank of Madagascar) announced a new series of banknotes in denominations of 100, 200, 500, 1000, 2000, 5000, 10,000 and 20,000 ariary.
The 500 Malagasy ariary note front design features the Royal Hill of Ambohimanga, a UNESCO World Heritage Centre located approximately 24 kilometres from Antananarivo (Capital city), two birds flying, a sketch map of Madagascar island and a comet moth butterfly stylized seal. The reverse of the note illustrates the Red Tsingy Reserve (Tsingy Rouge), a natural phenomenon of red stones formed by the erosion of the Irodo river in the Diana region and a comet moth butterfly stylized seal. Both sides of the note present the lettering in the Malagasy language. This note is part of the 2017 series, and its color is brown and orange on multicolor underprint.
Text: Banky Foiben’I Madagasikara, Le Gouverneur, Dimanjato Ariary , Helohin’ny Lalana Hiasa, Antervozona, Mandrapahafatiny Ny Mpanao Vola Sandoka. La Loi Punit de Travaux Forces a Perpetuite Tout Contrefacteur de Monnaine.