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1 Franc - Chambres de Commerce de Chateauroux [36]

Issuer Chambre de Commerce de Chateauroux
Year 1919-1920
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Size 91 × 60 mm
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Protection type Watermark
Protection description Bee motif watermark
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Comments

The Chambres de Commerce emergency notes issued across provincial France during and after World War One represent one of the largest decentralized currency experiments in modern French history — by 1920, over 500 local chambers had issued their own paper in denominations ranging from 5 centimes to 2 francs. Châteauroux, the prefecture of Indre, was among the earlier provincial issuers, stepping in to address the acute coin shortage that the wartime metal demands had created.

Badel was a local press, not a specialist security printer. The watermark is the primary anti-counterfeiting measure, which set a low bar even by the standards of the series.

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