Is there anyone at all managing the nation’s finances?

The Malagasy tradition requires the dead to be left in peace to their eternal sleep. Much likely on this account, Guy Ratovondrahona, the late deputy governor of the Central Bank, got nothing mentioned about his deeds repeatedly connected to the Rajoelina regime’ small putsches deemed to put a grip on the country’s institutions, including the Central Bank itself.

The target of these days used to be the Central Bank governor, the latest one to have been legally appointed back in 2007. Frederic Rasamoely stood tall the putsch makers in 2009 and defied their threatening special forces by then. As an illegal leader, Andry Rajoelina could not possibly have the Central Bank’s governor as so simply removed. He has rather been waiting for the year 2012 and for the end of his five years long term in office.

In 2011, shortly before the signature of the crisis settlement roadmap, Andry Rajoelina took charge. Since he cannot directly appoint anyone from his circle on top of the Central Bank, he resorted to one of his small scale putsches to secure loyalty in this institution. One of his first lady’s related was enforced into the Central Bank. Not only were Guy Ratovondrahona’s competence and experience widely challenged. He was imposed by the transitional leadership and in no way elected by Bank’s management board as he was legally supposed to be.

In 2012, Andry Rajoelina does away with resistance and, at the end of Rasamoely’s term, makes out of his uncle the deputy governor of the Central Bank expected to serve as such until the appointment of a new governor by the next legally elected president.

Guy Ratovondrahona completed his mission the way it was expected from him. He became the first deputy governor to put his signature on the national currency, a signature accepted by those days’ finance minister but obviously rejected by the International Monetary Fund. Hery Rajaonarimampianina did not bother with the IMF’s point, since the banknote were only in use in Madagascar.

For not being governor at all, Guy Ratovondrahona still officially served as general director. As he passed away on September 9th 2013, the Central Bank lost two leaders at a time. Now is a deputy general director named Veromanitra Razafimbelo the captain on board.