0,10 Franc

Madagascar's wartime fractional notes of 1916 were a direct response to the acute small-coin shortage affecting French colonial territories during the First World War. Metallic coinage was being withheld from circulation across the empire as base metals were diverted to the war effort, forcing local administrations to improvise paper substitutes for the lowest denominations.

The "et Dépendances" designation in the issuing authority's name formally included the Comoros archipelago, then administered from Tananarive. These fractional notes circulated alongside similar emergency issues from other French colonial governments, but Madagascar's series is among the scarcer survivors — paper this thin and low-value was rarely preserved.