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Currency history

Malagasy franc — earlier Madagascar–Comoros regional phase

Dates in use
Introduction and ending not established
Ancestry branch
French franc

Its place in the family

All ancestors and descendants ↗
Malagasy franc — earlier Madagascar–Comoros regional phase: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN French franc — 1795 to euro conversionFrench franc 1945 · DocumentedDocumented connection · 1945 Malagasy ariaryMalagasy ariary 2005 · DocumentedThe ariary becomes the accounting unit.Ariary-denominated new notes had alreadyDocumented connection · 2005 · The ariary becomes the accounting unit. Ariary-denominated new notes had already launched on 31 July 2003. Comorian francComorian franc 1962–1963 · DocumentedDocumented connection · 1962–1963 Malagasy franc — earlier Madagascar–Comoros regional phaseMalagasy franc Currency history

Parents 1

Malagasy franc

This currency

Children 2

Trace its ancestry backward

Roman as–denarius accounting

Earlier as reckoning; denarius introduced c. 211 BC; accounts continue into late antiquity

Earlier ancestry is not established here.

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The story

National franc issues continue the local franc monetary history. [1]

The ariary becomes the accounting unit. Ariary-denominated new notes had already launched on July 31, 2003. [2]

Turning points

Regional issue

A distinct banknote issuer begins Madagascar franc issues following the 1925 law. French money circulated earlier; this is not the beginning of all money or all francs on the island. [3]

Monetary cooperation contemplated national arrangements while preserving the…

Monetary cooperation contemplated national arrangements while preserving the existing unit and parity. [4]

Existing Malagasy CFA currency received the name francmalgache on1July 1963

Existing Malagasy CFA currency received the name francmalgache on1July 1963. [5]

Regional currency continuity

Inference: The Malagasy franc designation marks the independent national branch. Do not erase prior Madagascar issues or equate 1963 with its first franc notes. [6]

Regional currency continuity

Inference: National franc issues continue the local franc monetary history. [1]

Sources and evidence

  1. Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history
  2. Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history
  3. Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history
  4. French Senate · Report 260,1959–1960, monetary cooperation agreements with Malagasy Republic
  5. International Monetary Fund · The CFA Franc System, IMF Staff Papers10(3),1963; Association of African Central Banks · La monnaie malgache,26November 2010
  6. Association of African Central Banks · Association of African Central Banks — Madagascar / BFM history

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“Malagasy franc — earlier Madagascar–Comoros regional phase.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-13; data version v44. https://familytreeofmoney.org/currency/FTM000270.html

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