Malian franc


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

History

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

In 1962, aluminium coins were issued in denominations of 5, 10 and 25 francs. A second issue of aluminium and nickel-brass were issued between 1975-1977 in denominations of aluminium 10, 25, nickel-brass 50 and 100 francs coins.

Banknotes

Banknotes dated 22 SEPTEMBRE 1960 were issued by the Banque de la République du Mali in 1962 in denominations of 50, 100, 500, 1,000 and 5,000 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 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.