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The Third Republic of Madagascar (officially called the Republic of Madagascar) refers to the 18-year-long period in Malagasy history after the dissolution of the socialist regime in 1992.
The name ariary derives from the pre-colonial currency with ariary (from the Spanish word "real") being the name for a silver dollar.
This type (1 ARIARY) may have been initially minted by the Paris Mint and then replaced by the 2nd type (ARIARY 1) in coherence with the other coins of the series (such as Ariary 2 and Ariary 5).
Obverse
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Depicts a poinsettia surrounded by The legend in Malagasy means (Central Bank of Madagascar) above. Date below. BANKY FOIBEN'I MADAGASIKARA |
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Reverse
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Value within horns of zebu head above sprigs. ARIARY |
Edge |
1 Ariary
Third Republic, Fourth Republic
KM# 29
Characteristics
Material | Stainless Steel |
Weight | 4.93 g |
Diameter | 22 mm |
Thickness | 2 mm |
Shape | round |
Alignment | Coin |
Mint |
Paris Mint (A)
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