• Institut d’Émission Malgache Currency & Banknote Values

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Values / World Currency / Malagasy Republic / Institut d’Émission Malgache
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Institut d’Émission Malgache
Banky Foiben’ny Repoblika Malagasy

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The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

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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 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.

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No date Sig 1: Dejouany/Gonon Series B 1142 Intro: 1962
No date Sig 1: Dejouany/Gonon Series B 1142 Intro: 1962
Value Range: $8.00 - $30.00
$8.00 - $30.00
Sig 2: Dupont/Gonon Series L 1841
Sig 2: Dupont/Gonon Series L 1841
Value Range: $8.00 - $30.00
$8.00 - $30.00
Diagonal SPECIMEN perf
Diagonal SPECIMEN perf
No date Sig 1: Dejouany/Gonon Series V 1346 Intro: 1962
No date Sig 1: Dejouany/Gonon Series V 1346 Intro: 1962
Value Range: $6.00 - $100.00
$6.00 - $100.00
Sig 2: Dupont/Gonon Series B 1814 - B 2519
Sig 2: Dupont/Gonon Series B 1814 - B 2519
Value Range: $6.00 - $100.00
$6.00 - $100.00
Diagonal SPECIMEN perf
Diagonal SPECIMEN perf
18-6-1951 Sig 1: Dejouany/Gonon Series T 241 - C 297 Intro: 1962
18-6-1951 Sig 1: Dejouany/Gonon Series T 241 - C 297 Intro: 1962
Value Range: $75.00 - $7,800
$75.00 - $7,800
9-10-1952 Series D 342
9-10-1952 Series D 342
Value Range: $75.00 - $7,800
$75.00 - $7,800
10-11-1954 Sig 2: Dupont/Gonon Series P 412
10-11-1954 Sig 2: Dupont/Gonon Series P 412
Value Range: $75.00 - $7,800
$75.00 - $7,800
23-11-1955 Series A 419 - N 460
23-11-1955 Series A 419 - N 460
Value Range: $75.00 - $7,800
$75.00 - $7,800
6-5-1958 Series Z 490 - Y 563
6-5-1958 Series Z 490 - Y 563
Value Range: $75.00 - $7,800
$75.00 - $7,800
14-3-1950 Sig 1: Dejouany/Gonon Unconfirmed Intro: 1962
14-3-1950 Sig 1: Dejouany/Gonon Unconfirmed Intro: 1962
1-2-1951 Unconfirmed
1-2-1951 Unconfirmed
9-10-1952 Series S 413 - C 463
9-10-1952 Series S 413 - C 463
Value Range: $60.00 - $950
$60.00 - $950
15-10-1953 Sig 2: Dupont/Gonon Series L 599 - Q 715
15-10-1953 Sig 2: Dupont/Gonon Series L 599 - Q 715
Value Range: $60.00 - $950
$60.00 - $950

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Dated 00-00-0000 Sig 1: Dejouany/Gonon No ovpt; no perf; all-zero s/n
Dated 00-00-0000 Sig 1: Dejouany/Gonon No ovpt; no perf; all-zero s/n
Dated 00-00-0000 Sig 2: Dupont/Gonon Diagonal SPECIMEN perf
Dated 00-00-0000 Sig 2: Dupont/Gonon Diagonal SPECIMEN perf
30-6-1950 Sig 1: Dejouany/Gonon Series W 80 - G 94 Intro: 1962
30-6-1950 Sig 1: Dejouany/Gonon Series W 80 - G 94 Intro: 1962
Value Range: $200.00 - $3,200
$200.00 - $3,200
23-11-1955 Sig 2: Dupont/Gonon Series E 167 - Q 185
23-11-1955 Sig 2: Dupont/Gonon Series E 167 - Q 185
Value Range: $200.00 - $3,200
$200.00 - $3,200
No ovpt; no perf; dated 00-00-0000; all-zero s/n
No ovpt; no perf; dated 00-00-0000; all-zero s/n
Diagonal SPECIMEN perf; dated 00-00-0000
Diagonal SPECIMEN perf; dated 00-00-0000
No date No sig Series 1 - 19 Intro: 1963
No date No sig Series 1 - 19 Intro: 1963
Value Range: $50.00 - $200.00
$50.00 - $200.00
Sig 3: Miadana Series 21 - 83
Sig 3: Miadana Series 21 - 83
Value Range: $50.00 - $200.00
$50.00 - $200.00
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
No date Sig 3: Miadana Series 1 - 58 Intro: 1964
No date Sig 3: Miadana Series 1 - 58 Intro: 1964
Value Range: $3.00 - $50.00
$3.00 - $50.00
Sig 4: Ramaroson Series 59 - 64
Sig 4: Ramaroson Series 59 - 64
Value Range: $3.00 - $50.00
$3.00 - $50.00
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
No ovpt; no perf; all-zero s/n
No ovpt; no perf; all-zero s/n
No date Sig 3: Miadana Series 1 - 13 Intro: 1964
No date Sig 3: Miadana Series 1 - 13 Intro: 1964
Value Range: $11.00 - $180.00
$11.00 - $180.00
Sig 4: Ramaroson Series 14 - 17
Sig 4: Ramaroson Series 14 - 17
Value Range: $11.00 - $180.00
$11.00 - $180.00

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Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
No ovpt; no perf; all-zero s/n
No ovpt; no perf; all-zero s/n
Horizontal SPECIMEN perf; no sig ; no s/n
Horizontal SPECIMEN perf; no sig ; no s/n
No date Sig 3: Miadana Series 1 - 11 Intro: 1966
No date Sig 3: Miadana Series 1 - 11 Intro: 1966
Value Range: $10.00 - $150.00
$10.00 - $150.00
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
No date Sig 3: Miadana Series 1- 4 Intro: 1966
No date Sig 3: Miadana Series 1- 4 Intro: 1966
Value Range: $25.00 - $400
$25.00 - $400
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
Diagonal black SPÉCIMEN / NO # ovpt front; vertical SPECIMEN perf; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
No date Sig 3: Miadana Series 1 -54 Intro: 1969
No date Sig 3: Miadana Series 1 -54 Intro: 1969
Value Range: $3.00 - $45.00
$3.00 - $45.00
Sig 4: Ramaroson Series 56 - 60
Sig 4: Ramaroson Series 56 - 60
Value Range: $3.00 - $45.00
$3.00 - $45.00
No ovpt; no perf; all-zero s/n
No ovpt; no perf; all-zero s/n

Legal Disclaimer

The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

Read CDN Terms of Use

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1899 $2 (Fr. 249)

Auction Ends: 4/14/2026

1929 $20 Type 1 (Fr. 1802-1)

Auction Ends: 4/14/2026

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