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.

1892-1893 (1926) Provisional Issue

B201a (

LK812
P-34

) 1000 Francs Minerva and other Allegorical Figures

Printer: BdF
Series 171-232

Red BANQUE DE MADAGASCAR overprint on unissued 100F Banque de France note, type of 1892

For notes with this same design, see Provisional Allegories omnibus

(F)

Rousseau, L. SC

(B)

1926-1948 Issues

B202a (

LK801b
P-35

) 5 Francs Goddess Juno

ND (1937)
Sig 1

B202b (

LK802b
P-35

) 5 Francs Goddess Juno

Printer: BdF
ND (1937)
Sig 2

Deloche, E. SC
Leclerc, L. INV

(F)

B203a (

LK803b
P-36

) 10 Francs Woman with Fruits

ND (1926)
Sig 1

B203b (

LK804b
P-36

) 10 Francs Woman with Fruits
Farmers Plowing

Printer: Chaix, Paris
ND (1937)
Sig 2

Watermark

B203c (

LK805b
P-36

) 10 Francs Woman with Fruits

ND (1948)
Sig 3

B204a (

LK806b
P-37

) 20 Francs France and African Woman with Child

ND (1926)
Sig 1

B204b (

LK807b
P-37

) 20 Francs France and African Woman with Child

Printer: Chaix, Paris
ND (1937)
Sig 2

Watermark: Woman's head

B204c (

LK808b
P-37

) 20 Francs France and African Woman with Child

ND (1948)
Sig 3

B205a (

LK809b
P-38

) 50 Francs Minerva and Allegories

ND (1926)
Sig 1

B205b (

LK810b
P-38

) 50 Francs Minerva and Allegories

ND (1937)
Sig 2

B205c (

LK811b
P-38

) 50 Francs Minerva and Allegories

Printer: BdF
ND (1938)
Sig 3

Watermark: Woman's head

Glaize, L. DEL
Robert, J. SC

(F)

B206a (

LK813b
P-40

) 100 Francs Bara Woman and Child

ND (1926)
Sig 1

B206b (

LK814b
P-40

) 100 Francs Bara Woman and Child
Zebus Plowing

Printer: BdF
ND (1937)
Sig 2

Watermark: Head of Hova

Cayon, F. DEL
Gaspé, E. SC

(F)

Deloche SC

(B)

B206c (

LK814b
P-40

) 100 Francs Bara Woman and Child

ND (1948)
Sig 3

B207a (

P-42

) 1000 Francs Allegorical women and frieze

Printer: BdF
ND (1926)

(F)

B208a (

LK816b
P-41

) 1000 Francs Allegorical woman, Malagasy woman

Printer: BdF
7/11/1933
Sig 1

Serveau, C. FEC

(F)

B208b (

LK816b
P-41

) 1000 Francs Allegorical woman, Malagasy woman

12/21/1939
Sig 2

B208c (

LK816b
P-41

) 1000 Francs Allegorical woman, Malagasy woman

9/9/1942
Sig 2

B208d (

LK817b
P-41

) 1000 Francs Allegorical woman, Malagasy woman

5/19/1945
Sig 2

B208e (

LK817b
P-41

) 1000 Francs Allegorical woman, Malagasy woman

12/15/1947
Sig 2

B208f (

LK818b
P-41

) 1000 Francs Allegorical woman, Malagasy woman

12/28/1948
Sig 3

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.

B101a (

LK823b
P-45a

) 50 Francs Betsileo Woman and Man

Printer: BdF
ND (1950)
Sig 3

For notes with this same design, see Betsileo Woman omnibus

Poilliot, G. SC
Serveau, C. FEC

(F)

Régnier, G. SC

(B)

B101b (

LK824b
P-45b

) 50 Francs Betsileo Woman and Man

ND (1951)
Sig 4

B102a (

LK825b
P-46a

) 100 Francs Palace of the Queen of Tananarive
Hova Woman at the Palace of the Queen

Printer: BdF
ND (195)
Sig 3

Beltrand, G. SC
Lorain FEC

(F)

Dubreuil SC

(B)

B102b (

LK826b
P-46b

) 100 Francs Palace of the Queen of Tananarive

ND (1951)
Sig 4

B103a (

LK827b
P-47a

) 500 Francs Man and Fruit

Printer: BdF
6/30/1950
Sig 3

Serveau, C. FEC

(F+B)

Armanelli, R. SC

(F)

Marliat, A. SC

(B)

B103b (

LK827c
P-47a

) 500 Francs Man and Fruit

6/18/1951

B103c (

LK827d
P-47a

) 500 Francs Man and Fruit

10/9/1952

B103d (

LK828b
P-47b

) 500 Francs Man and Fruit

11/10/1954
Sig 4

B103e (

LK828c
P-47b

) 500 Francs Man and Fruit

11/23/1955

B103f (

LK828d
P-47b

) 500 Francs Man and Fruit

5/6/1958

B104a (

LK829b
P-48a

) 1000 Francs Native Couple of the High Plateau

3/14/1950
Sig 3

B104b (

LK829c
P-48a

) 1000 Francs Native Couple of the High Plateau

2/1/1951

B104c (

LK829d
P-48a

) 1000 Francs Native Couple of the High Plateau

10/9/1952

B104d (

LK830b
P-48b

) 1000 Francs Native Couple of the High Plateau

10/15/1953
Sig 4

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

Beltrand, G. SC
Fel, W. FEC

(F)

Regnier, G. SC

(B)

B105a (

LK831b
P-49a

) 5000 Francs Gallieni

Printer: BdF
6/30/1950
Sig 3

Beltrand, G. SC
Lorain FEC

(F)

Dubreuil SC

(B)

B105b (

LK832b
P-49b

) 5000 Francs Gallieni

11/23/1955
Sig 4

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.

B101a (

LK833b
P-51a

) 50 Francs Betsileo Woman and Man

Printer: BdF
ND (1962)
Sig 1

For notes with this same design, see Betsileo Woman omnibus

Poilliot, G. SC
Serveau, C. FEC

(F)

Régnier, G. SC

(B)

B101b (

LK834b
P-51b

) 50 Francs Betsileo Woman and Man

ND (1962)
Sig 2

B102a (

LK835b
P-52a

) 100 Francs Palace of the Queen of Tananarive
Hova Woman at the Palace of the Queen

Printer: BdF
ND (1962)
Sig 1

Beltrand, G. SC
Lorain FEC

(F)

Dubreuil SC

(B)

B102b (

LK836b
P-52b

) 100 Francs Palace of the Queen of Tananarive

ND (1962)
Sig 2

B103 (

LK837b
P-53

) 500 Francs Man and Fruit

Printer: BdF
6/18/1951
Sig 3

Serveau, C. FEC

(F+B)

Armanelli, R. SC

(F)

Marliat, A. SC

(B)

B103 (

LK837c
P-53

) 500 Francs Man and Fruit

10/9/1952
Sig 3

B103 (

LK838b
P-53

) 500 Francs Man and Fruit

11/23/1955
Sig 4

B103 (

LK838c
P-53

) 500 Francs Man and Fruit

5/6/1958
Sig 4

B104 (

LK839b
P-54

) 1000 Francs Native Couple of the High Plateau
Zebus pulling cart

Printer: BdF
10/9/1952
Sig 3

Watermark: Girl's head

Beltrand, G. SC
Fel, W. FEC

(F)

Regnier, G. SC

(B)

B104 (

LK840b
P-54

) 1000 Francs Native Couple of the High Plateau

10/15/1953
Sig 4

B105 (

LK841b
P-55

) 5000 Francs Gallieni

Printer: BdF

Beltrand, G. SC
Lorain FEC

(F)

Dubreuil SC

(B)

B106 (

LK849b
P-56

) 1000F=200 Ariary President Philibert Tsiranana
Zebus pulling Cart

Printer: BdF
Sig None

B106 (

LK850b
P-56

) 1000F=200 Ariary President Philibert Tsiranana

Sig 3

1964-1966 Issues

B107a (

LK845b
P-57a

) 100 Francs Three Women Spinning
Boabab Trees

Printer: BdF
ND (1964)
Sig 3

Watermark: Girl's head

Armanelli, R. SC
Vaudiau, R. FEC

(F)

Poilliot, G. SC

(B)

B107b (

LK846b
P-57a

) 100 Francs Three Women Spinning

ND (1966)
Sig 4

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)

B108b (

LK848b
P-58a

) 500 Francs

ND (1964)
Sig 4

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

Like B104as but with different issuer name

Beltrand, G. SC
Fel, W. FEC

(F)

Regnier, G. SC

(B)

B110a (

LK852b
P-60a

) 5000 Francs President Philibert Tsiranana, Women Harvesting Rice

Printer: BdF
ND (1966)
Sig 3

Watermark: Girl's head

B111a (

LK843
P-61

) 50 Francs Betsileo Woman and Man

Printer: BdF
ND (1969)
Sig 3

Watermark: Girl's head

Like B101a for notes with different overprint

For notes with this same design, see Betsileo Woman omnibus

Poilliot, G. SC
Serveau, C. FEC

(F)

Régnier, G. SC

(B)

B111b (

LK844
P-61

) 50 Francs Betsileo Woman and Man

ND (1969)
Sig 4

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 (

P-75a

) 500 Francs Girl
Village

Printer: BdF
ND (1994)
Sig 4

Thread
Watermark: Zebu head

Lambert, P. INV

(F)

B311b (

P-75b

) 500 Francs Girl

ND (1994)
Sig 5

B312a (

P-76a

) 1000 Francs Young Man and Boats
Fishing

Printer: BdF
ND (1994)
Sig 4

Thread
Watermark: Zebu head

Lambert, P. INV

(F)

B312b (

P-76b

) 1000 Francs Young Man and Boats

ND (1994)
Sig 5

B313a (

P-81

) 2500 Francs Woman and Village

Printer: BdF
ND (1998)
Sig 5

Thread
Watermark: Zebu head

Lambert, P. INV

(F)

B314a (

P-78a

) 5000 Francs Young Man and Field Work

Printer: BdF
ND (1995)
Sig 4

Thread
Watermark: Zebu head

Lambert, P. INV

(F)

B314b (

P-78b

) 5000 Francs Young Man and Field Work

ND (1995)
Sig 5

B315a (

P-79a

) 10,000 Francs Old Man and Local Artifacts

Printer: BdF
ND (1995)
Sig 4

Strap
Thread
Watermark: Zebu head

Lambert, P. INV

(F)

B315b (

P-79b

) 10,000 Francs Old Man and Local Artifacts

ND (1995)
Sig 5

B316a (

P-82

) 25,000 Francs Mother, Child and Fruit Trees

Printer: BdF
ND (1998)
Sig 5

Strap
Thread
Watermark: Zebu head

Lambert, P. INV

(F)

2004-2006 Issues

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

B320a (

P-86a

) 100 Ariary Palm and Forest
Blue.

Printer: BdF
ND (2004)
Sig 5

Omron
Thread
Watermark: Zebu head/100

B320b (

P-86b

) 100 Ariary Palm and Forest

ND (2004)
Sig 6

B320c (

P-86c

) 100 Ariary Palm and Forest

ND (2004)
Sig 7

B321a (

P-87a

) 200 Ariary Thatched-roofed Gateway
Olive.

Printer: BdF
ND (2004)
Sig 5

Omron
Thread
Watermark: Zebu head/200

B321b (

P-87b

) 200 Ariary Thatched-roofed Gateway

ND (2007)
Sig 6

B321c (

P-87c

) 200 Ariary Thatched-roofed Gateway

ND (2016)
Sig 7

B322a (

P-88a

) 500 Ariary Woman with Hat
Orange.

Printer: BdF
ND (2004)
Sig 5

Omron
Thread
Watermark: Zebu head/500

B322b (

P-88b

) 500 Ariary Woman with Hat

ND (2004)
Sig 6

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 (

P-88

) 500 Ariary Woman with Hat

Sig 7

B323a (

P-89a

) 1000 Ariary Lemurs
Purple.

Printer: BdF
ND (2004)
Sig 5

Omron
Thread
Watermark: Zebu head/1000

B323b (

P-89b

) 1000 Ariary Lemurs

ND (2004)
Sig 6

B323c (

P-89c

) 1000 Ariary Lemurs

ND (2015)
Sig 7

	Banque de Madagascar et des Comores
	Le Contrôleur Général	Le Directeur Général
1
	André Dejouany	Henri Saurin
2
	André Dejouany	P. Chaudun
3
	André Dejouany	Maurice Gonon
	Le Directeur Général Adjoint	Le President Directeur Général
4
	Louis-Robert Dupont	Maurice Gonon
5
	Hubert Martin	Maurice Gonon
	Institut d'Émission Malgache
	Le Contrôleur Général	Le Directeur Général
1
	André Dejouany	Maurice Gonon
	Le Contrôleur Général Adjoint	Le Président Directeur Général
2
	Louis Robert Dupont	Maurice Gonon
	Le Président du Conseil d'Administration
3
	Victor Miadana
4
	Albert Marie Ramaroson
	Banky Foibe'i Madagasikara
	Le Gouverneur
1
	Leon Maxime Rajaobelina
2
	Richard Randriamaholy
3
	Blandin Razafimanjato
4
	Raoul Joëlson Ravelomanana
5
	Gaston Edouard Ravelojaona
6
	Frédéric Rasamoely
7
	Alain Herve M. Rasolofondraibe