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50 Francs

Issuer Banque de Madagascar et des Comores
Year 1960-1963
Type Standard circulation banknote
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Obverse description A three-quarter portrait of a young woman wearing a woven straw hat occupies the right half of the note, set against a finely engraved floral and foliate underprint in muted tones. A blank unprinted vignette panel appears at centre-left, flanked by geometric guilloche border elements in green and ochre. The denomination numeral 50 appears in dark green at each upper corner, with the bank title and series letters printed above in letterpress.
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Protection type Watermark
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Comments

The Banque de Madagascar et des Comores was itself a transitional institution — created in 1950 to replace the Caisse Centrale de la France d'Outre-Mer's local functions, it continued issuing notes for both Madagascar and the Comoros even as Madagascar moved toward full independence in 1960. This note circulated across that political shift without modification, which is why the issuing authority's name became increasingly awkward in practice.

Clément Serveau designed extensively for French colonial and metropolitan issues through the mid-twentieth century, with Poilliot and Régnier among the more prolific engravers in the Banque de France's atelier. The three signature combinations reflect successive administrative appointments rather than distinct print runs.

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