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50 Francs / 10 Ariary
| Issuer | Institut d'Émission Malgache |
|---|---|
| Year | 1961 |
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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 | Institut d'Émission Malgache / Famoaham-Bolan'ny Repoblika Malagasy ARIARY FOLO CINQUANTE FRANCS C. SERVEAU FEC. G. POILLIOT SC. |
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| Reverse lettering | 50 BANQUE DE MADAGASCAR ET DES COMORES C. SERVEAU FEC. G. REGNIER SC. |
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| Comments |
Madagascar's Institut d'Émission Malgache was a transitional authority, operational only briefly after independence in 1960 before the Banque Centrale de la République Malgache absorbed its functions. This 50 Francs note — dual-denominated in Ariary at the statutory rate of 5 Francs to 1 Ariary — belongs to that narrow window. Clément Serveau, a prolific designer for the Banque de France's colonial and post-colonial series, supplied the artwork, with Poilliot and Régnier dividing engraving duties between the two faces, a common division of labor at the Imprimerie.
The Ariary overdenomination was legal preparation, not redundancy — Madagascar officially remonetized in Ariary in 1963.