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Banknote Book & CPG® PRICE GUIDE

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About This Series

The Greysheet Catalog (GSID) of the Institut d’Émission Malgache series of Malagasy Republic in the World Currency contains 41 distinct entries with CPG® values between $3.00 and $7,800.00.
On 26 June 1960, the former colony of Madagascar gained independence from France as the Malagasy Republic, and the Institut d’Émission Malgache (French: Malagasy Issuing Institute, IEM) was created to issue currency.

Catalog Detail

  Institut d’Émission Malgache Value Range Favorite
Institut d’Émission Malgache Value Range  
50 francs = 10 ariary (B101a)
$8.00
-
$30.00
$8.00 - $30.00
50 francs = 10 ariary (B101b)
$8.00
-
$30.00
$8.00 - $30.00
50 francs = 10 ariary (B101as)
-
 
100 francs = 20 ariary (B102a)
$6.00
-
$100.00
$6.00 - $100.00
100 francs = 20 ariary (B102b)
$6.00
-
$100.00
$6.00 - $100.00
100 francs = 20 ariary (B102bs)
-
 
500 francs = 100 ariary (B103a)
$75.00
-
$7,800
$75.00 - $7,800
500 francs = 100 ariary (B103b)
$75.00
-
$7,800
$75.00 - $7,800

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500 francs = 100 ariary (B103c1)
$75.00
-
$7,800
$75.00 - $7,800
500 francs = 100 ariary (B103c2)
$75.00
-
$7,800
$75.00 - $7,800
500 francs = 100 ariary (B103d)
$75.00
-
$7,800
$75.00 - $7,800
1,000 francs = 200 ariary (B104a)
-
 
1,000 francs = 200 ariary (B104b)
-
 
1,000 francs = 200 ariary (B104c)
$60.00
-
$950
$60.00 - $950
1,000 francs = 200 ariary (B104d)
$60.00
-
$950
$60.00 - $950
1,000 francs = 200 ariary (B104s1)
-
 
1,000 francs = 200 ariary (B104s2)
-
 
5,000 francs = 1,000 ariary (B105a)
$200.00
-
$3,200
$200.00 - $3,200
5,000 francs = 1,000 ariary (B105b)
$200.00
-
$3,200
$200.00 - $3,200
5,000 francs = 1,000 ariary (B105as)
-
 
5,000 francs = 1,000 ariary (B105bs)
-
 
1,000 francs = 200 ariary (B106a)
$50.00
-
$200.00
$50.00 - $200.00
1,000 francs = 200 ariary (B106b)
$50.00
-
$200.00
$50.00 - $200.00

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1,000 francs = 200 ariary (B106as)
-
 
100 francs = roapolo (B107a)
$3.00
-
$50.00
$3.00 - $50.00
100 francs = roapolo (B107b)
$3.00
-
$50.00
$3.00 - $50.00
100 francs = roapolo (B107as1)
-
 
100 francs = roapolo (B107as2)
-
 
500 francs = zato (B108a)
$11.00
-
$180.00
$11.00 - $180.00
500 francs = zato (B108b)
$11.00
-
$180.00
$11.00 - $180.00
500 francs = zato (B108as1)
-
 
500 francs = zato (B108as2)
-
 
500 francs = zato (B108s)
-
 
1,000 francs = roan-jato (B109a)
$10.00
-
$150.00
$10.00 - $150.00
1,000 francs = roan-jato (B109as)
-
 
5,000 francs = arivo (B110a)
$25.00
-
$400
$25.00 - $400
5,000 francs = arivo (B110as1)
-
 
5,000 francs = arivo (B110as2)
-
 

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50 francs = folo (B111a)
$3.00
-
$45.00
$3.00 - $45.00
50 francs = folo (B111b)
$3.00
-
$45.00
$3.00 - $45.00
50 francs = folo (B111as)
-
 
       

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Greysheet Catalog Details

The Greysheet Catalog (GSID) of the Institut d’Émission Malgache series of Malagasy Republic in the World Currency contains 41 distinct entries with CPG® values between $3.00 and $7,800.00.
On 26 June 1960, the former colony of Madagascar gained independence from France as the Malagasy Republic, and the Institut d’Émission Malgache (French: Malagasy Issuing Institute, IEM) was created to issue currency.

Catalog Detail