A tale of two central banks

- Central Banking staff
- 28 Jun 2002

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FEATURE - It is unusual for one nation to have two central banks, but that seems to be the case in Madagascar. Following disputed presidential elections in December 2001, there are now in effect two administrations in place: that of Marc Ravalomanana, whose supporters began a series of strikes in support of their demands for a recount of the election results, and that of the outgoing president, Didier Ratsiraka, which was forced to relocate to Toamasina on the east coast of the island.

In early

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