Madagascar 50 Ariary, 1926-1950 P-38

Banque de Madagascar cinquante francs LÉON GLAIZE DEL JULES ROBERT SC

On the left, Minerva seated holding her shield with her left hand, on the right, Vesta goddess of the domestic hearth seated. In the center at the bottom, the watermark in a round cartouche.

LÉON GLAIZE DEL JULES ROBERT SC

Bust of Demeter in front in the center, three cherubs offering him various fruit and flower cereals. In the background two planispheres representing the earth on the left and the constellations on the right. Article 139 of the penal code repeated in two rectangular cartridges to the right and to the left.