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0,05 Franc

Issuer Government of Madagascar and Dependencies
Year 1916
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Shape Rectangular
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Obverse description The obverse reproduces the design of the contemporary Madagascar 5-centime postage stamp, printed in green, with a central vignette of rice field workers set within a rural landscape against a town visible in the distance. Ornamental guilloche borders flank the central image, with "POSTES" inscribed at the top margin and "MADAGASCAR ET DÉPENDANCES" along the lower margin. The denomination "5 c." appears within a framed cartouche at lower centre, with the initials "R F" also present.
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Reverse lettering Varitoventy
0,05
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Comments

Madagascar's wartime fractional notes of 1916 were emergency substitutes for small-denomination coinage, which had effectively disappeared from circulation as metal was diverted to the French war effort. The 0,05 Franc — the smallest in this emergency series — was a direct consequence of the coin shortage that hit French colonial territories across the board during World War I.

These notes were printed locally under austere conditions, and the paper quality reflects it. Surviving examples frequently show brittleness and foxing that is structural, not the result of handling.

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