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100 Francs

Issuer Banque Centrale du Mali
Year 1972-1973
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Value 100 Francs (100 MLF)
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Reverse lettering BANQUE CENTRALE DU MALI
100 CENT FRANCS
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Protection description Portrait of President Mamadou Konaté.
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Comments

Mali's 100 Francs issues of this period were printed by the Banque de France in Paris under a technical assistance arrangement common to several Francophone African states following independence. The Malian franc itself had a turbulent existence: Mali broke from the West African CFA franc zone in 1962 to issue its own currency, then suffered persistent inflation and exchange difficulties that forced a return to the CFA system in 1984.

This note belongs to the intervening period of monetary independence, when the Malian franc traded at a significant discount to the CFA franc — officially fixed at 2 Malian francs to 1 CFA franc from 1967, a rate widely regarded as overvalued.