Central Bank of Madagascar

Banky Foiben'i Madagasikara is the central bank of Madagascar and serves as the cornerstone of the nation’s monetary and financial system. Responsible for issuing the Malagasy ariary, managing foreign currency reserves, and overseeing monetary policy, the bank plays a pivotal role in stabilizing prices and ensuring economic stability in a country marked by both unique challenges and abundant natural resources. In its efforts to modernize, Banky Foiben'i Madagasikara has implemented various initiatives to upgrade its payment infrastructure and adopt advanced digital technologies that improve operational efficiency and cybersecurity. Transparency and accountability are fundamental to its governance, and the bank regularly publishes detailed economic analyses, policy guidelines, and performance reports to inform stakeholders and bolster public confidence. Collaboration with international financial institutions has further enabled the bank to align its regulatory frameworks with global standards while tailoring them to Madagascar’s specific context. The institution also drives financial inclusion projects aimed at extending accessible financial services to remote and underprivileged communities, thus contributing to broader socio-economic development. By harmonizing traditional monetary policy instruments with contemporary digital solutions, Banky Foiben'i Madagasikara remains committed to fostering a resilient and inclusive financial environment that supports long-term sustainable growth and stability in Madagascar.