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0,05 Franc

Issuer Government of Madagascar and Dependencies
Year 1916
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Value 0,05 Franc
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Reverse description Plain light-coloured reverse with a central intaglio vignette of a standing pointer dog in profile, facing right, with the engraver's name "TURLOV" noted at lower right of the vignette. The denomination "5" and "0" appear vertically along the right margin in green, and the word "Varifitoventy" is printed vertically along the left margin.
Reverse lettering Varifitoventy
5
0
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Comments

Madagascar's tiny fractional notes of 1916 were emergency substitutes for coined small change, which had effectively disappeared from circulation after wartime metal shortages hit French colonial territories hard. The 0,05 Franc sat at the absolute bottom of the denomination ladder — worth so little that few recipients bothered preserving them.

That disposability is precisely why survivors are uncommon. These saw hard daily use and were rarely set aside.

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