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1 Franc
| Issuer | Government of Madagascar and Dependencies |
|---|---|
| Year | 1916 |
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| Reference(s) | P#26 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | R F POSTES 1f. MADAGASCAR ET DEPENDANCES |
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| Reverse lettering | Iraimbilanja 1. franc |
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| Comments |
Madagascar was under full French colonial administration by 1916, and this note was issued not by a bank but directly by the colonial government — an arrangement forced by the near-total absence of small-denomination coinage in circulation. The "and Dependencies" in the issuer name formally included the Comoros and other Indian Ocean territories under French control from the island.
Government-issued fractional notes of this type were a wartime stopgap. Metal had been redirected toward the French war effort, leaving colonies to paper over the gap with low-value emergency emissions. Few survived in collectable condition given their heavy everyday use.