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1 Franc - Chambre de Commerce de Montluçon - Gannat 03
| Issuer | Chambre de Commerce de Montluçon - Gannat |
|---|---|
| Year | 1917 |
| Type | Local banknote |
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| Composition | Log in to see details |
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|---|---|
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| Reverse lettering | CHAMBRE DE COMMERCE DE MONTLUÇON - GANNAT Autorisation Ministérielle du 28 Février 1917 Ce billet, échangeable à la Chambre de Commerce contre des billets de la Banque de France, devra, sous peine de prescription, y être présenté au remboursement dans un délai de cinq ans à partir du 28 Février 1917. Ce billet ne sera valable que revêtu du timbre de la Chambre de Commerce. |
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| Protection type | Watermark, Stamp |
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| Comments |
During World War I, the exodus of metal coinage — hoarded by civilians and consumed by the war economy — left French provincial commerce nearly paralyzed for small transactions. Chambers of commerce across France were authorized from 1914 onward to plug the gap with locally issued emergency fractional notes, and the Montluçon-Gannat chamber was among hundreds that did so. This 1 Franc piece falls squarely within that wartime improvisation.
Herbin & Bouché were a local Montluçon printer, not a specialist security firm, which is typical for these chambres de commerce issues — legitimacy came from the watermark and official stamp rather than sophisticated intaglio work.