Malagasy franc
1 Fmg = 0.2 Ariary
The Malagasy franc was from 1925 to 2003 the currency of Madagascar. As from 1 August 2003, he was gradually replaced by the Ariary. The exchange rate is 1 = Ariary Malagasy 5 Francs. Until further notice, the banknotes of 500, 1000, 2500 and 5000 francs from the last series issued as legal tender, the higher values to 10,000 and 25,000 francs can still be exchanged at the central bank.
History
In the first decades of French colonial rule of the French Franc was used as currency in Madagascar. After the founding of the Banque de Madagascar on December 22, 1925, 100 and 1000 francs was 1926-1928 with the issuing its own banknotes of 5, 10, 20, 50, started. The Malagasy franc was initially pegged to the French franc at a 1:1 ratio. The coins used in 1922 in denominations of 5, 10, 25, 50 centimes and 1 and 2 francs were issued by the French Chamber of Commerce ( Chambres de Commerce ). Due to the Second World War there was a shortage of these coins and 1943, the colonial government coins with the image of the Cross of Lorraine out to document the affiliation with the Free French.
On December 26, 1945, there has been a reassessment of the French colonial currencies with the establishment of a joint CFA franc for Madagascar and the Comoros. The new currency ( abbreviation XMCF ) remained at the French franc bound in relation 1:1.7. Only with a further appreciation of the franc against the French franc Malagasy to 1:2, began in 1948 with the issue of new coins. This coin series lasted into the 1960s in circulation and was gradually replaced by still valid coins. (see → Ariary: coins)
A new series of notes was necessary in 1950, when the name change took place in the Central Bank Banque de Madagascar et des Comores; the bills were also in the Comoros in use. There, these banknotes remained until the mid- 1970s, valid means of payment, since the administrative separation of Madagascar, however, with a red imprint. This series consisted of certificates to 50, 100, 500, 1000 and 5000 francs.
Two years after the independence of Madagascar, the Institut d' Emission Madagascar was founded in 1962 and first issued bank notes that carried next to the Franc, a value expressed in Ariary. Madagascar raised in 1972 for binding to the French franc and renamed in June 1973, the Central Bank Banque Centrale de la République Malgache to. In the years 1974/75, 1983-92 and 1994-98 each new banknote series issued. Due to the high inflation accounted for in 1983, the bills under 500 francs for new highs were issued to 10,000 and 25,000 francs. The low values were replaced by coins of 10 and 20 Ariary, which had no indication in Franc.
In a transitional period from 1 August 2003 to 1 January 2005, the franc banknotes were gradually replaced by the new Ariary notes, however, the indication of value remained Franc until January 2010 on the first series of Ariary banknotes printed small.
Pictures of coins and banknotes
Front and back of a 2 francs coin from 1948 aluminum
Banknote to 5 Fmg issued, 1926-1949
Banknote to 50 Fmg, using time 1950-1962
Provisional bill to Fmg 5000 with imprint of 1962
100 Fmg 1966 from the new series after independence
500 Fmg from the series from 1974
25,000 Fmg of 1992
5000 Fmg from the last Francesco series from 1995