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Central Bank of Madagascar


Central Bank of Madagascar Logo

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

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. Head office of the bank are located in Antananarivo.


Capital markets that are capable of responding to the needs of the national economy, and foster monetary, credit and financial conditions conducive to orderly, balance and sustain economic growth and development. The management of the Bank is conducted by an Executive Governor who is also Chairman of the Board of Governors and a Deputy Governor who serves as principal assistant to the Executive Governor.

Central Bank of Madagascar's functions have evolved to include the following:

    it has the privilege of issuing banknotes and coins as legal tender in the territory of Madagascar;
    it is the bank of banks;
    it is the bank of the State;
    it manages the national reserve currency;
    it guarantees the proper functioning of the banking and financial system;
    it ensures the proper functioning of the payments system; and
    it provides the Secretariat General of the Commission for Banking and Financial Supervision.


Central Bank of Madagascar HQ Location Map

Central Bank of Madagascar
HQ Address: BP 550
101 Antananarivo
Tel: +261 20 22 217 51
Fax: +261 20 22 345 32
Swift Code: REPUMGMG
Currency: Malagasy Ariary
Banking Hours:
Monday - Friday : 8.00am - 4.30pm


Central Bank of Madagascar is to be one of the leading central banks at the regional and international levels in maintaining the financial and monetary stability in such a way as may contribute to the realization of sustained economic growth and reinforce the international confidence in our banking credibility.

List of banks governed by the Central Bank of Madagascar
» Access Bank Madagascar (ABM) » BGFI Bank Madagascar (BGFI) » Mauritius Commercial Bank (MCB)
» Bank of Africa (BOA) » Bank Negara Indonesia (BNI) » Madagascar Microfinance Bank
» Banque Malgache de L’ocean Indien (BMOI) » BFV-Société Générale (BFV-SG) » State Bank of Mysore (SBM)
» Banque Industrielle et Commerciale de Madagascar (BICM)

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