1 Franc - Chambre de Commerce de Narbonne 11

French Chambers of Commerce were authorized to issue emergency small-denomination notes during and after the First World War to compensate for the near-total disappearance of bronze and silver coinage from circulation — hoarded, melted, or consumed by the war economy. The Narbonne chamber's issues were entirely local in scope, printed by a Narbonne firm for use within the Aude department, and redeemable only through that chamber. The dry seal was applied as a rudimentary anti-counterfeiting measure, though the short circulation radius made large-scale forgery economically pointless.

JP#89-18 places this within a well-documented local series, but surviving examples in unfolded condition are less common than the print runs suggest — redemption drives in the early 1920s pulled most back out of circulation.