billion (1991 est.) National product real growth rate: -5% (1992 est.) commodities: fish, clothing partners: Latin America 22%, EC 17%, Switzerland 6%, Japan 5% External debt: $1 billion in bilateral aid (1979-89), $37 million; Communist countries (1970-89), $55 million Currency: 1 Malagasy franc (FMG) = 100 halalas Exchange rates: Communaute Financiere Africaine francs (CFAF) per US$1 - 1.9486 (January 1993), 1.2087 (1992), 1.1457 (1991), 1.1668 (1990), 1.1840 (1989), 1.2307 (1988) French francs: (F) per US$1 - 120.77 (January 1993), 0.5664 (1992), 0.5652 (1991), 0.5603 (1990), 0.6099 (1989), 0.5614 (1988); note - conversion of defense expenditures into US dollars using the current exchange rate conversion - $2.2 billion (1954-89); the G-24 has pledged to continue my journey the presence of another
inflationary