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0,05 Franc
| Issuer | Government of Madagascar and Dependencies |
|---|---|
| Year | 1916 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | POSTES 5 c. MADAGASCAR ET DÉPENDANCES R F |
| Reverse description | The reverse, printed in green, carries the fractional denomination "0,05" alongside the Malagasy equivalent inscription "Varitoventy", identifying the local currency unit, set within a plain small-format layout characteristic of emergency postage stamp currency issues of the period. |
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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.