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10 New Francs Overprint on 1000 Francs

Issuer Caisse Centrale de la France d'Outre-Mer
Year 1960
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Value 10 New Francs (10 FRF)
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Obverse description Multicolour note with a central vignette of an Antillean fisherman at left and centre, flanked on both sides by stylised butterfly motifs in the side panels. A bold red letterpress overprint reading 'CONTRE-VALEUR DE 10 NOUVEAUX FRANCS' is applied across the face of the original 1000 Francs underprint, with the 'Guadeloupe' territorial designation repeated in red in the margins. The underlying design retains the original Caisse Centrale de la France d'Outre-Mer Mille Francs typography and guilloche patterning.
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Reverse lettering 1000 CAISSE CENTRALE DE LA FRANCE D'OUTRE-MER Guadeloupe MILLE FRANCS L'ART 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCES A PERPÉTUITÉ CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUE AUTORISÉES PAR LA LOI
(Translation: Central Fund of Overseas France Guadeloupe Thousand Francs Article 139 of the Penal Code punishes with perpetual forced labour those who have counterfeited or falsified bank notes authorised by law.)
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Comments

When France redenominated its currency on 1 January 1960 — dropping two zeros to create the nouveau franc — the overseas territories administered through the Caisse Centrale de la France d'Outre-Mer required an immediate bridging solution. Rather than printing new stock, existing 1000 Francs notes were overprinted "10 Nouveaux Francs" to reflect the 100:1 conversion rate, a stopgap that kept circulation functioning while purpose-designed replacement notes were prepared.

The overprint was applied by the Banque de France on notes already in inventory. Alignment varies noticeably across the series — not an error, simply the mechanical reality of a rapid official overprinting run on pre-circulated stock.

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