Issuance of local emergency tokens in the name of the Chambers of Commerce of the city of Kayes in the Upper Senegal-Niger colony.
Time Period: 1962-1984
Currency: Malian Franc
Transition
1 : 1 West African CFA Franc
Sub-units
Franc / 100 Cents
ISO4217
MLF
Timeline
30.06.1962
Law [No. 62-54] on the creation of a national currency; effective immediately
30.06.1962
Law [No. 62-55] on the establishment of the Bank of the Republic of Mali; effective immediately
01.07.1962
Start of currency exchange: - 01.07.1962: Start of issuance of the new banknotes and coins - 15.07.1962: Demonetization of the West African currency.
19.03.1968
Law [No. 68-23] on splitting off the commercial banking activities of the Bank of the Republic, creating the Central Bank of Mali; effective 29.03.1968
22.03.1968
Law [No. 68-24] on the creation of the Development Bank of Mali for the continuation of the commercial banking activities of the Bank of the Republic; effective 29.03.1968
Valuation Regimes
1962-1984
Fixed rate against French Franc (1958)
Rate Arrangements
01.07.1962
Fixed
French Franc (1958) at 1 : 50
±0.0%
05.05.1967
Fixed
French Franc (1958) at 1 : 100
-50.0%
Time Period: 1984-
Timeline
31.10.1983
5th Conference of the Heads of State of the West African Monetary Union, agreement on the re-entry of Mali; effective 01.06.1984
01.06.1984
Start of currency exchange: - 01.06.1984: Start of issuance of the West African currency - 31.08.1984: Demonetization of the Malian currency at 2 Malian France = 1 West African CFA Franc.
31.08.1984
Suspension of operations of the Central Bank of Mali