Malian franc

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Malian franc
franc malien (French)
ISO 4217 code MLF
Central bank Central Bank of Mali
User(s) Mali
Subunit
 1/100 centime
Symbol MAF
Coins 5, 10, 25, 50, 100 francs
Banknotes 50, 100, 500, 1000, 5000, 10,000 francs
This infobox shows the latest status before this currency was rendered obsolete.

The Malian franc was the independent currency of Mali between 1962 and 1984. Although technically subdivided into 100 centimes, no subdivisions were issued.

History[edit]

Until 1962, Mali used the West African CFA franc. The Malian franc was introduced that year at par with the CFA franc but later declined in value relative to it. In 1984, Mali readopted the CFA franc, with 2 Malian francs = 1 CFA franc.

Coins[edit]

In 1962, aluminium coins were issued (dated 1961) in denominations of 5, 10 and 25 francs. A second issue of aluminium-bronze was issued between 1975-1977 in denominations of 10, 25, 50 and 100 francs coins.

Banknotes[edit]

100 Francs banknote of 1960

Banknotes dated 22 SEPTEMBRE 1960 were issued by the Banque de la République du Mali (Bank of the Republic of Mali) in 1962 in denominations of 50, 100, 500, 1000 and 5000 francs. A second issue with new designs were issued in 1967 in the same denominations as the previous series. Following Modibo Keita’s overthrow on 19 November 1968, the Banque Centrale du Mali (Central Bank of Mali) was established, and took over note production with the 1971 introduction of a third series of 100, 500, 1000, 5000 and 10,000 francs notes.[1]

References[edit]

  1. ^ Linzmayer, Owen (2012). "Mali". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. 

External links[edit]

Preceded by:
CFA franc
Reason: independence
Ratio: at par
Currency of Mali
1962 – 1984
Succeeded by:
CFA franc
Reason: rejoining in the monetary union
Ratio: 1 CFA franc = 2 Malian francs