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10 Francs

Issuer Banque d'État du Maroc
Year 1920-1928
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Reference(s) P#11
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Reverse description The reverse is printed in blue and tan on a fine arabesque guilloche underprint, with a large circular blank vignette to the right surrounded by floral ornaments. The left panel carries the Arabic text of the issuer's name, denomination, and payment clause in multiple lines, with two manuscript signatures below their respective title inscriptions in Arabic. A block of Arabic legal text runs along the lower portion, and the engravers' credits AD. GIRALDON FEC. and E. GASPÉ SC. appear at the lower left and right margins respectively.
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Variants P#11a(1) - 1920-1924 serial# only at bottom
P#11a(2) - 1920-1924 serial# only at bottom
P#11b(1) - 15.05.1924 - 01.07.1928 serial# at top & bottom
P#11b(2) - 15.05.1924 - 01.07.1928 / 01.04.1926 serial# at top & bottom
P#11b(3) - 15.05.1924 - 01.07.1928 serial# at top & bottom
Comments

The Banque d'État du Maroc was a peculiar institution — nominally Moroccan, but established by the 1906 Act of Algeciras as a multinational instrument of European financial control over the Sharifian state, with shareholders drawn from fourteen signatory powers. France held the dominant position. That the notes were printed by the Banque de France in Paris, to standards matching metropolitan French currency production, was no coincidence.

Marguerite Dreyfus, who signed her intaglio work as "Rita," and Eugène Gaspérini were both accomplished engravers working within the Banque de France's atelier during this period. Giraldon, the designer, produced work for multiple French colonial issues in the same years.

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