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1 Franc - Chambres de Commerce de Granville et Cherbourg
| Issuer | Chambres de Commerce de Granville et de Cherbourg |
|---|---|
| Year | 1921 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | JP#61-08/09/10 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CHAMBRES DE COMMERCE DE GRANVILLE & DE CHERBOURG Délibérations du 27 Septembre 1921 (Cherbourg) et du 7 Octobre 1921 (Granville) UN FRANC ÉCHANGEABLE CONTRE DES BILLETS DE LA BANQUE DE FRANCE Le Président de la Chambre de Commerce de Granville Le Président de la Chambre de Commerce de Cherbourg IMP. B. ARNAUD LYON - PARIS |
| Reverse description | Log in to see details |
| Reverse lettering | CE BILLET DEVRA ÊTRE PRÉSENTÉ AU REMBOURSEMENT À LA BANQUE DE FRANCE DE GRANVILLE OU DE CHERBOURG AVANT LE 6 FÉVRIER 1925. |
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| Comments |
After the First World War, the Banque de France struggled to supply small-denomination coinage in sufficient volume, and hundreds of local chambers of commerce across France stepped in to fill the gap with emergency paper issues. The joint emission from Granville and Cherbourg — two Norman ports with distinct commercial identities — was unusual; most chambers issued independently, and the administrative cooperation required to produce shared notes reflects the particular pressure on the Manche département.
Arnaud's Lyon workshop printed the bulk of France's chambre de commerce emergency series, and the watermarked stock was a deliberate hedge against counterfeiting at a time when these small notes circulated as freely as coin.