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1 Franc Régie des Chemins de Fer en Territoires Occupés

Issuer Régie des Chemins de Fer des Territoires Occupés
Year 1923
Type Local banknote
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Obverse description Central circular medallion enclosing a vignette of a Rhine riverside landscape with a steam locomotive at the upper border of a decorative floral and foliate frame. The border is rendered in a yellow-green guilloche pattern with interspersed ornamental motifs. Bilingual inscriptions in French and German run across the note, with the issuer's title and face value stated within the central panel.
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Reverse description The reverse carries a large intaglio vignette of a reclining allegorical river god — a bearded male figure holding a bunch of grapes — set against a panoramic Rhine cityscape with vessels on the water and a wooded foreground. A circular cartouche to the left encloses the denomination "1 fr." The outer border repeats the yellow-green guilloche frame found on the obverse. The artist and engraver credits appear in the lower margin.
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Comments

The Régie des Chemins de Fer des Territoires Occupés was a Franco-Belgian railway administration established to operate the rail network in the Rhineland during the Allied occupation following the Armistice. It issued its own scrip — not as a banking instrument but as a functional necessity, since the occupied territories lacked a stable currency apparatus and the railways needed to pay wages and settle local accounts. These notes circulated within a tightly bounded administrative zone, not in general commerce.

De Ruaz's engraving work for Dupont on this series is notably crisp for occupation scrip, which was rarely given this level of production care. Vergnot designed across multiple Dupont commissions during this period.

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