The new notes in Madagascar before the end of the year #MyMadagascar #MahajangaMaVille
The new notes in Madagascar before the end of the year
All the banknotes in Ariary will be changed before the end of the year. The new notes of 100, 200, 500, 1 000, 2 000, 5 000 and 10 000 MGA will be in circulation. But the big news will probably be the appearance on the market of the new ticket of 20 000 Ariary.
'The 20 000 MGA is a name more suited to the economy. " has explained the Governor of the Central Bank of Madagascar, Alain Rasolofondraibe. According to the Governor, This issue of new notes is part of the mission of the Central Bank of Madagascar to offer a modern Fiat currency. In short, a way to demonstrate that this initiative responds to technical considerations.
"The renewal of a range of bank notes is usually done after a dozen years of circulation.. For Madagascar, the latest shows of banknotes in Ariary date from 2003 and 2004. Since, fiduciary printing technology and safety features have evolved. In addition, denominations and iconographical principles of bank notes have been adapted to the development of the economic activities of the country. Finally, the dimensions of each cut have been revised to follow international best practice "..
Aesthetic side, the Central Bank also emphasizes news and modernity. With global theme "Madagascar and its riches.. LVisual e of the new bank notes will highlight six faritany whose riches are declined in economic activities, biodiversity, in cultural and tourist sites.
In terms of security, the new notes have more elaborate signs guaranteeing better protection against counterfeiting. Brief, We expect better of bank notes. When even, the public has questions already on the next notes handling of 20 000 Ariary. Note that all arrangements will be made by the Central Bank in order to facilitate the transition to these new bank notes in Ariary.
New tickets as expected, the Central Bank will probably bring more specific information. On the other hand, other technical aspects as the setting of the ATMs have yet to be carried out before putting them into circulation.
Torsten
Who goes on holiday should inform himself exactly also in terms of the banknotes. I think it is very important, knows how to handle it so right.
Torsten
Who goes on holiday should inform himself exactly also in terms of the banknotes. I think it is very important, knows how to handle it so right.