Time Period: 1892-1960

Timeline

  • around 1920
  • 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


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


End-year Forex Rates (Units per US Dollar)