A Malagasy banknote issued by Institute d'Emission Malgache / Famoaham-Bolan'ny Repoblika Malagasy to the value of 20 Ariary. On the front is depicted three women spinning, and on the reverse baobab trees, a prickly pear cactus and carved wooden aloalo. There is a watermark of a girl's head. The signature is of Président du Conseil d'Administration Victor Miadana. Printed by Banque de France.