The franc was the independent currency of Mali

Mali

Mali , officially the Republic of Mali , is a landlocked country in Western Africa. Mali borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Its size is just over 1,240,000 km² with...

 between 1962 and 1984. Although technically subdivided into 100 centimes, no subdivisions were issued.

History

Until 1962, Mali used the West African CFA franc

CFA franc

The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central 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 (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

Banknotes dated 1960 were issued by the 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. In 1971, the Central Bank of Mali took over note production and issued a third series in 100, 500, 1000, 5000 and 10,000 francs notes.

External links

• Coins
• Country debt review
• Banknotes