Catalog
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| Issuer | Institut d'Émission Malgache |
|---|---|
| Year | 1962-1963 |
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| Value | Log in to see details |
| Currency | Franc (1963-2004) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | FAMOAHAM-BOLAN'NY REPOBLICA MALAGASY INSTITUT D'ÉMISSION MALGACHE MILLE FRANCS ROAN-JATO ARIARY (Translation: Publications of the Malagasy Republic / Malagasy Emission Institute / One Thousand Francs / Two Hundred Ariary) |
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| Protection description | A zebu head watermark, visible when held to light |
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| Comments |
The Institut d'Émission Malgache was a transitional authority, established after independence in 1960 to manage currency before the Banque Centrale de Madagascar took over in 1973. This note belongs to the first truly Malagasy series — prior issues were overprinted French colonial stock. Philibert Tsiranana, whose name the note carries, was Madagascar's first president, and the use of his likeness reflected the new republic's need to establish political identity through its currency.
Engraving divided between Lambert on the obverse and Marliat on the reverse was routine Banque de France practice for the period, each specialist handling a single side.