1937-47年马达加斯加银行20法郎。MADAGASCAR. Banque de Madagascar. 20 Francs, ND (1937-47). P-37. Uncirculated. 奶白色纸钞上油墨生动。两位女士在右边靠近水面的码头旁的树下握手。反面一男士于左,女人头像水印于右。This 20 Francs note displays a vividly inked design on creamy white paper. Two women are seen shaking hands under foliage at right on what appears to be a dock next to water. The reverse of the note displays a man at left with a watermark of a womans head at right. Seldom encountered this nice.