Regulatory Alerts2004-11-23
Decree No. 2004-1041 of November 23, 2004 Authorizing the Central Bank of Madagascar to Issue New 2 and 1 Ariary Coins (Official Journal No. 2944 of December 6, 2004 p. 4981)
The Central Bank of Madagascar issued Decree No. 2004-1041 on November 23, 2004, to authorize the creation and circulation of new 2 and 1 Ariary coins. These new denominations will feature the same designs as the 1970 10 FMG and 1966 5 FMG coins, with their initial release scheduled for December 20, 2004. The decree mandates that existing 10 FMG and 5 FMG coins retain legal tender status, circulate concurrently with the new issues, and enter into force immediately upon broadcast or posted publication.
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