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100 Francs - Provisional 'Institut d'Émission' Overprint Issue

Issuer Institut d'Émission Malgache
Year 1961
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Size 150 x 85 mm
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Obverse description At right, a three-quarter portrait of a young Malagasy woman rendered in fine intaglio engraving by G. Beltrand, with a blank rectangular watermark panel to the left framed by a vignette of a market scene with produce and figures. The overprint 'INSTITUT D'EMISSION MALGACHE' runs across the upper border, while bilingual inscriptions in French and Malagasy — including 'CENT FRANCS', '20 ARIARY', and 'ROAPOLO ARIARY' — appear in the lower portion of the note.
Obverse lettering INSTITUT D'EMISSION MALGACHE
FAMOAHAM-BOLAN'NY REPUBLIKA MALAGASY
CENT FRANCS
20 ARIARY
ROAPOLO ARIARY
100
LORAIN FEC. G. BELTRAND SC.
Reverse description A three-quarter portrait of a young Malagasy man, engraved in fine intaglio by P. Dubreuil, occupies the left portion of the note, while the central and right background carries a coastal vignette with traditional outrigger sailing vessels on calm water beneath a mountainous horizon; zebu cattle graze in the lower right foreground. The upper border retains the original 'BANQUE DE MADAGASCAR ET DES COMORES' legend of the underlying note, and an anti-counterfeiting warning panel appears in the lower left.
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