5000 Francs

The Banque de Madagascar et des Comores was a transitional institution — established to manage currency across territories that were rapidly moving toward independence, with Madagascar achieving it in 1960 and the Comoros remaining under French administration considerably longer. This note circulated across both jurisdictions simultaneously, an arrangement that became increasingly awkward as their political trajectories diverged.

Clément Serveau designed extensively for French colonial issues across multiple decades, and Marliat, Munier, and Baudier were all seasoned Banque de France engravers. The three signature combinations reflect successive administrative appointments within the issuing authority rather than different print runs — the paper stock and plate work remained constant across all variants.