1 Franc Neder-Eename

Neder-Eename is a village of a few hundred souls on the Scheldt, administratively absorbed into Oudenaarde long before this note existed in any meaningful sense. That a municipality this small was issuing its own paper franc in 1914 reflects the near-total collapse of small-denomination coinage in Belgium during the opening weeks of German occupation — hoarding was immediate and universal, and hundreds of Belgian communes, however minor, printed emergency scrip to keep local commerce from seizing up entirely.

Drukkerij Vande Velde & De Meester was a local Oudenaarde printer with no particular specialty in security printing, which is exactly what you'd expect from a village emergency issue produced under duress.