10 Nouveaux Francs

The Trésor Public series for French territories in the early 1960s reflects Paris's effort to maintain fiscal control over overseas departments and territories during a period of rapid decolonization. The "Nouveaux Francs" denomination itself dates from the January 1960 revaluation, in which 100 old francs were converted to 1 nouveau franc — a reform designed to stabilize confidence and simplify accounting after years of postwar inflation.

Pick 14A is scarcer than the broader series suggests. Many of these notes were repatriated and destroyed once individual territories established their own issuing authorities, and actual circulated survivors are harder to locate than catalog frequency implies.