The bank's mission is to, in collaboration with the general government, and in observation of the laws of finance, to maintain the general political economy of Madagascar; and to maintain the national monetary reserves. The offices of the bank are located in Antananarivo.
The Banque Centrale de Madagascar has origins in the Banque de Madagascar, which issued the Madagascar-Comores CFA franc, beginning in 1925, as Madagascar's currency. In 1945, after the creation of Territory of Comoros, the Banque de Madagascar et des Comores was formed ; concurrent with the creation of many other African franc currencies.
After Madagascar's independence from France in 1960, Madagascar began issuing the Malagasy franc (MGF) again, as the currencies of the Comoros and Madagascar were separated.
In 1973, Madagascar left the CFA franc zone and the Malagasy franc was declared inconvertible by the authorities of the Confederation Franc Africaine. Madagascar's coins and banknotes were then issued by Madagascar's Institut d'Émission Malgache until 1974 when the Banque Centrale de Madagascar was formed. Since 2005, the Malagasy ariary (MGA), issued by the Banque Centrale de Madagascar, has been the country's currency.
central, bank, madagascar, malagasy, banky, foiben, madagasikara, french, banque, centrale, madagascar, central, bank, madagascar, banky, foiben, madagasikaraestablished1974ownership100, state, ownership, governorhenri, edmond, rabarijohncentral, bank, ofmadag. The Central Bank of Madagascar Malagasy Banky Foiben i Madagasikara French Banque Centrale de Madagascar BCM is the central bank of Madagascar Central Bank of MadagascarBanky Foiben i MadagasikaraEstablished1974Ownership100 state ownership 1 GovernorHenri Edmond RabarijohnCentral bank ofMadagascarCurrencyMalagasy ariaryReserves750 million USD 1 Websitewww wbr banque centrale wbr mgThe bank s mission is to in collaboration with the general government and in observation of the laws of finance to maintain the general political economy of Madagascar and to maintain the national monetary reserves The offices of the bank are located in Antananarivo The Central Bank of Madagascar is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion 2 Contents 1 History 2 Operations 3 List of governors 4 See also 5 References 6 External linksHistory EditThe Banque Centrale de Madagascar has origins in the Banque de Madagascar which issued the Madagascar Comores CFA franc beginning in 1925 as Madagascar s currency In 1945 after the creation of Territory of Comoros the Banque de Madagascar et des Comores was formed concurrent with the creation of many other African franc currencies After Madagascar s independence from France in 1960 Madagascar began issuing the Malagasy franc MGF again as the currencies of the Comoros and Madagascar were separated In 1973 Madagascar left the CFA franc zone and the Malagasy franc was declared inconvertible by the authorities of the Confederation Franc Africaine Madagascar s coins and banknotes were then issued by Madagascar s Institut d Emission Malgache until 1974 when the Banque Centrale de Madagascar was formed Since 2005 the Malagasy ariary MGA issued by the Banque Centrale de Madagascar has been the country s currency Operations EditThe bank maintains departments of microfinance and of economic research The BCM reports to the government agency Commission de Supervision Bancaire et Financiere The bank maintains 2 branches and 8 agency offices Branches Toamasina TMS Fianarantsoa FIAAgency Offices Antsiranana ATS Nosy Be NSB Mahajanga MGA Sambava SBV Manakara MKR Tolagnaro FTD Morondava MDV Toliary TULList of governors Edit1973 1983 Leon Maxime Rajaobelina 1984 1988 Richard Randriamaholy 1988 1993 Blandin Razafimanjato 1993 1994 Raoul Joelson Ravelomanana 1996 2007 Gaston Edouard Ravelojaona 2007 2012 Frederic Rasamoely 2012 2013 Guy Ratovondrahona acting 2013 2014 Vonimanitra Razafimbelo acting 2014 2019 Alain Rasolofondraibe since 2019 Henri Rabarijohn 3 See also Edit Banks portalEconomy of Madagascar List of central banks Malagasy ariary the unit of currency from 2005 Malagasy franc former currency List of central banks of AfricaReferences Edit a b Weidner Jan 2017 The Organisation and Structure of Central Banks PDF Katalog der Deutschen Nationalbibliothek AFI members AFI Global 2011 10 10 Archived from the original on 2012 02 20 Retrieved 2012 02 17 Banky Foiben i Madagasikara External links Edit in French Official site of Banque Centrale de Madagascar Archived 2018 10 29 at the Wayback Machine BCM Organizational Chart This Madagascar related article is a stub You can help Wikipedia by expanding it vte This African bank or banking related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Central Bank of Madagascar amp oldid 1118216006, wikipedia, wiki, book, books, library,
