(Wikipédia)
From May 1962, following Malagasy independence, the Malagasy issuing institute was created, an organization which manages the new Malagasy franc which takes effect on July 1, 1963. The first banknotes were issued in 1964. The bank became the Central Bank of Madagascar in 1973.
https://fr.m.wikipedia.org/wiki/Banque_de_Madagascar
(Wikipédia)
The central bank of Madagascar or BCM (Malagasy: Banky Foiben’i Madagasikara) is the central bank of Madagascar. It was created on June 12, 1973 and took over from the Institut d’Émission Malgache. In 2005, it will officially rename the national currency Ariary instead of the Malagasy Franc. This ensures the internal and external economic stability of its currency. Its current governor is Aivo Handriatiana Andrianarivelo, ex-executive director of the IMF.
https://fr.m.wikipedia.org/wiki/Banque_centrale_de_Madagascar
The central bank of Madagascar performs the following functions:
- it exercises the privilege of issuing banknotes and coins that are legal tender on the territory of Madagascar;
- it is the bank of banks;
- it is the state bank;
- it manages the national foreign exchange reserve;
- it guarantees the proper functioning of the banking and financial system;
- it ensures the proper functioning of the payment system;
- it ensures the General Secretariat of the Banking and Financial Supervision Commission.
- it does not grant credit to individuals
Since 2005, the Ariary (ISO 4217: MGA) has been the monetary unit of the Republic of Madagascar
LIST OF BANKS IN MADAGASCAR
BMOIMGMG 00004 Banque Malgache de l’Océan Indien (BMOI)
CLMDMGMG 00005 BNI Madagascar (BNI)
MCBLMGMG 00006 The Mauritius Commercial Bank (Madagascar) (MCB)
BSBMMGMG 00007 SBM Madagascar (SBM)
BFAVMGMG 00008 Société Générale Madagasikara (Société Générale)
AFRIMGMG 00009 Bank of Africa Madagascar (BOA)
ABMGMGMG 00011 Accès Banque Madagascar (ABM)
BGFIMGMG 00012 BGFIBank Madagascar (BGFIBank)
BMADMGMG 00013 Baobab Banque Madagascar (Baobab Banque)
BAIMMGMG 00014 Banky First (BM)
XXXXXXXX 00015 Société d’Investissement pour la Promotion des Entreprises à Madagascar (SIPEM BANQUE)
PAMLMGM1 00997 Centre des Chèques Postaux (CCP)
XXXXXXXX 00998 Direction Générale du Trésor (DGT)
REPUMGMG 00999 Banky Foiben’i Madagasikara (BFM)
Professional Employer Organization (PEO)
As a co-employer Team-Mada provides real engagement for your business. Our PEO services will allow you to outsource important HR functions. We take
Read moreEmployer of Record (EOR)
Team-Mada is the legal employer of your workers and handle all aspects of compliance from the onboarding to the termination. Handling the employmen
Read morePayroll Services Madagascar
Process Payroll Calculations, payroll tax statements, Monthly, Quarterely, Yearly taxes, Employee and Employer contributions, handling of deposits
Read more