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1 Franc - Région Economique du Centre

Issuer Région Economique du Centre
Year 1924
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Size 93 × 64 mm
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Reverse description Yellow-ochre and green note centred on a large panoramic vignette of an industrial cityscape, identified as Clermont-Ferrand, with the Puy-de-Dôme rising behind a cathedral skyline and factory chimneys and a viaduct occupying the foreground. Four municipal coats of arms are placed at the corners of the central frame, while oval panels at each outer corner bear the numeral 1f. A rectangular cartouche at the foot, framed by a guilloche border, contains the redemption clause in capital letters.
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Protection description Repeated text watermark reading REGIONECONOMIQUEDUCENTRE across the entire face of the note.
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Comments

France's regional economic chambers — the Régions Économiques — were administrative groupings created during the First World War to coordinate industrial output, and several retained the authority to issue small-denomination emergency paper well into the 1920s. By 1924, the acute coin shortage that had justified most French chambre de commerce and regional fractional issues had largely passed, making late-dated notes like this one stragglers in a series already winding down.

Arnaud in Villeurbanne handled a substantial volume of French regional fiduciary printing and the JP#40-7/8 pairing indicates two closely related varieties — typically a signature or overprint distinction rather than a design change.

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