Central Bank of Madagascar

The Central Bank of Madagascar (Malagasy: Banky Foiben'i Madagasikara; French: Banque Centrale de Madagascar, BCM) is the central bank of Madagascar.

Central Bank of Madagascar
Banky Foiben'i Madagasikara
Established1974
Ownership100% state ownership
GovernorAivo Andrianarivelo
Central bank ofMadagascar
CurrencyMalagasy ariary
Reserves750 million USD
Websitewww.banky-foibe.mg

The bank's mission is to, in collaboration with the general government, and in observation of the laws of finance, to maintain the general political economy of Madagascar; and to maintain the national monetary reserves. The offices of the bank are located in Antananarivo.

The Central Bank of Madagascar is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.

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