Madagascar

The Democratic Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa. It was a French Colony from 1896 to 1958, when it became an autonomous member of the French Community.

Banque de Madagascar

In 1925, the Banque de Madagascar was created to issue currency and provide credit in French Madagascar.

1926-1948 Issues

B202b face
B202b face
B202b (
  • LK802b
  • P-35
) 5 Francs Goddess Juno
  • Printer: BdF
  • ND (1937)
  • Sig 2
(F)
B203b face
B203b face
B203b (
  • LK804b
  • P-36
) 10 Francs Woman with Fruits
Farmers Plowing
  • Printer: Chaix, Paris
  • ND (1937)
  • Sig 2

  • Watermark
B204b face
B204b face
B204b (
  • LK807b
  • P-37
) 20 Francs France and African Woman with Child
  • Printer: Chaix, Paris
  • ND (1937)
  • Sig 2

  • Watermark: Woman's head
B204c face
B204c face
B204c (
  • LK808b
  • P-37
) 20 Francs France and African Woman with Child
  • ND (1948)
  • Sig 3
B205c face
B205c face
B205c (
  • LK811b
  • P-38
) 50 Francs Minerva and Allegories
  • Printer: BdF
  • ND (1938)
  • Sig 3

  • Watermark: Woman's head
(F)
B206b face
B206b face
B206b (
  • LK814b
  • P-40
) 100 Francs Bara Woman and Child
Zebus Plowing
  • Printer: BdF
  • ND (1937)
  • Sig 2

  • Watermark: Head of Hova
(F)
(B)

Banque de Madagascar et des Comores

After World War II, Comoros became a French territory separate from Madagascar, however the two colonies continued to share a currency. In 1945, the Madagascar-Comores franc was established. The Banque de Madagascar changed its name to the Banque de Madagascar et des Comores and began issuing banknotes denominated in the new currency.

B104as face
B104as face
B104as (
  • LK829a
  • P-48s
) 1000 Francs Native Couple of the High Plateau
Zebus pulling cart
  • Printer: BdF
  • ND (1963)
  • Sig 3
  • Specimen

  • Watermark: Girl's head
(F)
(B)

Institut d'Émission Malgache

In 1960, Madagascar gained independence from France as the Malagasy Republic, and the Institut d’Émission Malgache was created to issue currency.

1964-1966 Issues

B107a face
B107a face
B107a (
  • LK845b
  • P-57a
) 100 Francs Three Women Spinning
Boabab Trees
  • Printer: BdF
  • ND (1964)
  • Sig 3

  • Watermark: Girl's head
(F)
(B)
B107b face
B107b face
B107b (
  • LK846b
  • P-57a
) 100 Francs Three Women Spinning
  • ND (1966)
  • Sig 4
B108a face
B108a face
B108a (
  • LK847b
  • P-58a
) 500 Francs
Young Woman, High Plateau of Madagascar; Ravinala Palm
  • Printer: BdF
  • ND (1964)
  • Sig 3

  • Watermark: Girl's head
(F)
B109a face
B109a face
B109a (
  • LK851b
  • P-59a
) 1000 Francs Native Couple of the High Plateau
Zebus pulling cart
  • Printer: BdF
  • ND (1966)
  • Sig 3

  • Watermark: Girl's head

(F)
(B)
B110a face
B110a face
B110a (
  • LK852b
  • P-60a
) 5000 Francs President Philibert Tsiranana, Women Harvesting Rice
  • Printer: BdF
  • ND (1966)
  • Sig 3

  • Watermark: Girl's head
B111a face
B111a face
B111a (
  • LK843
  • P-61
) 50 Francs Betsileo Woman and Man
  • Printer: BdF
  • ND (1969)
  • Sig 3

  • Watermark: Girl's head

(F)
(B)

Banky Foibe'i Madagasikara

In 1975, the Second Malagasy Republic, called the Repoblica Demokratika Malagasy was created. As a result of the change in the country’s name, the former issuing bank was renamed Banky Foiben’i Madagasikara.

1994-1998 Issues

B311a face
B311a face
B311a (
  • P-75a
) 500 Francs Girl
Village
  • Printer: BdF
  • ND (1994)
  • Sig 4

  • Thread
  • Watermark: Zebu Head
(F)
B311b face
B311b face
B311b (
  • P-75b
) 500 Francs Girl
  • ND (1994)
  • Sig 5
B312a face
B312a face
B312a (
  • P-76a
) 1000 Francs Young Man and Boats
Fishing
  • Printer: BdF
  • ND (1994)
  • Sig 4

  • Thread
  • Watermark: Zebu Head
(F)
B312b face
B312b face
B312b (
  • P-76b
) 1000 Francs Young Man and Boats
  • ND (1994)
  • Sig 5
B313a face
B313a face
B313a (
  • P-81
) 2500 Francs Woman and Village
  • Printer: BdF
  • ND (1998)
  • Sig 5

  • Thread
  • Watermark: Zebu Head
(F)
B314a face
B314a face
B314a (
  • P-78a
) 5000 Francs Young Man and Field Work
  • Printer: BdF
  • ND (1995)
  • Sig 4

  • Thread
  • Watermark: Zebu Head
(F)
B314b face
B314b face
B314b (
  • P-78b
) 5000 Francs Young Man and Field Work
  • ND (1995)
  • Sig 5
B315a face
B315a face
B315a (
  • P-79a
) 10,000 Francs Old Man and Local Artifacts
  • Printer: BdF
  • ND (1995)
  • Sig 4

  • Strap
  • Thread
  • Watermark: Zebu Head
(F)
B315b face
B315b face
B315b (
  • P-79b
) 10,000 Francs Old Man and Local Artifacts
  • ND (1995)
  • Sig 5
B316a face
B316a face
B316a (
  • P-82
) 25,000 Francs Mother, Child and Fruit Trees
  • Printer: BdF
  • ND (1998)
  • Sig 5

  • Strap
  • Thread
  • Watermark: Zebu Head
(F)

2004-2006 Issues

Note there are other designs in this series, printed by the German printers Giesecke & Devrient.

B320a face
B320a face
B320a (
  • P-86a
) 100 Ariary Palm and Forest
Blue.
  • Printer: BdF
  • ND (2004)
  • Sig 5

  • Omron
  • Thread
  • Watermark: Zebu Head/100
B320b face
B320b face
B320b (
  • P-86b
) 100 Ariary Palm and Forest
  • ND (2004)
  • Sig 6
B320c face
B320c face
B320c (
  • P-86c
) 100 Ariary Palm and Forest
  • ND (2004)
  • Sig 7
B321a face
B321a face
B321a (
  • P-87a
) 200 Ariary Thatched-roofed Gateway
Olive.
  • Printer: BdF
  • ND (2004)
  • Sig 5

  • Omron
  • Thread
  • Watermark: Zebu Head/200
B321b face
B321b face
B321b (
  • P-87b
) 200 Ariary Thatched-roofed Gateway
  • ND (2007)
  • Sig 6
B321c face
B321c face
B321c (
  • P-87c
) 200 Ariary Thatched-roofed Gateway
  • ND (2016)
  • Sig 7
B322a face
B322a face
B322a (
  • P-88a
) 500 Ariary Woman with Hat
Orange.
  • Printer: BdF
  • ND (2004)
  • Sig 5

  • Omron
  • Thread
  • Watermark: Zebu Head/500
B322b face
B322b face
B322b (
  • P-88b
) 500 Ariary Woman with Hat
  • ND (2004)
  • Sig 6
B322c face
B322c face
B322c (
  • P-88b
) 500 Ariary Woman with Hat
  • ND (2014)
  • Sig 6
  • Printed on EverFit hybrid substrate (prefix/suffix from A/V to A/Y)
B322d face
B322d face
B322d (
  • P-88
) 500 Ariary Woman with Hat
  • Sig 7
B323a face
B323a face
B323a (
  • P-89a
) 1000 Ariary Lemurs
Purple.
  • Printer: BdF
  • ND (2004)
  • Sig 5

  • Omron
  • Thread
  • Watermark: Zebu Head/1000
B323b face
B323b face
B323b (
  • P-89b
) 1000 Ariary Lemurs
  • ND (2004)
  • Sig 6
B323c face
B323c face
B323c (
  • P-89c
) 1000 Ariary Lemurs
  • ND (2015)
  • Sig 7

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