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1 Franc

Issuer Gouvernement Général de Madagascar et Dépendances
Year 1920
Type Emergency banknote
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Obverse lettering MADAGASCAR ET DÉPENDANCES
0F50
Reverse description Plain pale ground bearing a central vignette of a zebu bull in profile facing left, executed in a sparse intaglio-style line engraving characteristic of French colonial provisional issues. The design is minimal, with no additional inscriptions or border ornamentation visible.
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Comments

Madagascar's Gouvernement Général issued these small-denomination franc notes in 1920 to address a chronic coin shortage that had plagued the island since the First World War disrupted metal supplies to French colonial territories. The notes were essentially a local emergency measure — metropolitan France had its own coin shortages to manage, and the colonies were largely left to improvise.

Pick 1C is part of a series that also includes 50 centimes and 2 franc values. Survival rates are low; these circulated hard in a cash-hungry economy and the paper held up poorly in Madagascar's humid climate.