Republic of Madagascar, from 1992
1 ariary = 5 francs
10 ariary 1999
Material - Stainless Steel
KM# 27
10 francs 1996
Material - Copper Plated Steel
KM# 22
20 ariary 1994
Material - Nickel Plated Steel
KM# 24
50 ariary 1996
Material - Stainless Steel
KM# 25