RegAlert
2003-07-07

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Law No. 2003-004 of July 7, 2003 Amending Article 7 of Law No. 94-004 of June 10, 1994 on the Statutes of the Central Bank of Madagascar

This law amends Article 7 of the statutes of the Central Bank of Madagascar to establish the Ariary as the country's monetary unit. It additionally permits the continued use of the denominations 'Franc malgache' or 'Iraimbilanja', each valued at one-fifth of an Ariary. The law mandates that regulatory texts define its implementation details and requires its publication in the Official Journal of the Republic.

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Banky Foiben'i Madagasikara

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LAW No. 2003-004 of July 7, 2003
Amending the provisions of Article 7 of Law No. 94-004 of June 10, 1994 on the Statutes of the Central Bank of Madagascar. (Official Journal No. 2847 of August 4, 2003, p. 2025)

Article 1. The provisions of Article 7 of Law No. 94-004 of June 10, 1994 on the Statutes of the Central Bank of Madagascar are amended as follows:

Article 7 (new). The ariary is the monetary unit of Madagascar.
However, the denomination: "Malagasy Franc" or "Iraimbilanja", worth one-fifth of the Ariary, is permitted.

Article 2. Regulatory texts will establish, as necessary, the implementation procedures of this law.

Article 3. This law shall be published in the Official Journal of the Republic.
It shall be executed as a law of the State.

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Lineage: Amended

Law No. 94-004 of June 10, 1994…1994Law No. 94-004 of June 10, 1994 Establishing the Statutes of the Central Bank of Madagascar (Official Journal No. 2248, June 10, 1994), as Amended by Laws No. 95-030 (February 22, 1996), 2005-036 (February 20, 2006), and No. 2003-004 (July 7, 2003) (1994-06-10)Law No. 2003-004 of July 7,2003 Amending Article 7 of La…2003-07-07 · this documentLaw No. 2003-004 of July 7, 2003 Amending Article 7 of Law No. 94-004 of June 10, 1994 on the Statutes of the Central Bank of Madagascar (2003-07-07)Decree No. 2007-481 on the Incr…2007Decree No. 2007-481 on the Increase of the Capital of the Central Bank of Madagascar (2007-05-30)Decree No. 2007-634 of July 10,…2007Decree No. 2007-634 of July 10, 2007 Approving the Annual Accounts for the 2006 Fiscal Year of the Central Bank (2007-07-10)Decree No. 2009-048 of January …2009Decree No. 2009-048 of January 12, 2009, Establishing the Implementation Modalities of Law No. 2006-008 of August 2, 2006, on the Foreign Exchange Code (2009-01-12)Decree No. 2008-582 of June 18,…2008Decree No. 2008-582 of June 18, 2008 Approving the Annual Accounts for the Fiscal Year 2007 of the Central Bank of Madagascar (2008-06-18)
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Amended 1 time · last 2007-07-10

This document amends: Law No. 94-004 of June 10, 1994 Establishing the Statutes of the Central Bank of Madagascar (Official Journal No. 2248, June 10, 1994), as Amended by Laws No. 95-030 (February 22, 1996), 2005-036 (February 20, 2006), and No. 2003-004 (July 7, 2003)

Source: Banky Foiben'i Madagasikara — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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