New audit committee on the way and government agrees to recapitalise institution
Vonimanitra Razafimbelo appointed acting governor, just over a month after her predecessor Guy Ratovondrahona died; appointment comes a week ahead of presidential elections
Guy Ratovondrahona suffered a stroke while travelling to work, leaving the two most senior positions at the central bank vacant
Angry central bankers stage a sit-in at the Central Bank of Madagascar to protest over the abrupt replacement of former governor Frederic Rasamoely
Madagascar achieved a positive balance of payments for the 12th consecutive year, the Central Bank of Madagascar's latest Annual Report states.
The Madagascan franc will be replaced by the launch of a new currency, according to a report by AFP The reference to the franc "lost its raison d'etre since the arrival of the euro", a central bank official said.