100 Francs / 20 Ariary

发行方	Institut d'Émission Malgache
年份	1964-1973
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面值	100 Francs = 20 Ariary (20 MGF)
货币	登录以查看详情
材质	登录以查看详情
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印刷机构	登录以查看详情
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正面描述	登录以查看详情
正面铭文	登录以查看详情
背面描述	登录以查看详情
背面铭文	FAMOAHAMBOLAN'NY REPOBLIKA MALAGASY INSTITUT D'ÉMISSION MALGACHE LA LOI PUNIT DES TRAVAUX FORCÉS À PERPÉTUITÉ TOUT CONTREFACTEUR DE MONNAIE HELOHIN'NY LALANA HIASA AN-TERIVOZONA MANDRAPAHAFATINY NY MPANAO VOLA SANDOKA (Translation: Publications of the Malagasy Republic / Malagasy Emission Institute / The law punishes with forced labour in perpetuity any counterfeiter of currency)
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防伪类型	Watermark
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备注	The Institut d'Émission Malgache was a transitional authority, established after Madagascar's 1960 independence to manage the currency while the country remained within the Franc Zone. France retained effective monetary control through this arrangement well into the 1970s, which is why the Banque de France continued printing Malagasy notes long after the flag changed. The dual denomination — francs and ariary — reflects the awkward coexistence of colonial monetary nomenclature with the indigenous unit, where 1 ariary equals 5 francs. The ariary had been in colloquial use for generations before it became official policy.

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