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10 Nouveaux Francs / New Francs Overprint on P#51 - 500 Francs

Issuer Institut d'Émission des Départements d'Outre-Mer
Year 1967-1971
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Size 180 × 96 mm
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Reverse description Multicolour intaglio print. The central vignette portrays a scene of bullock carts laden with sugar cane in the cane fields of Réunion, evoking the island's agricultural economy. At the bottom of the note, Article 139 of the Penal Code — the standard anti-counterfeiting warning — is printed within a yellow cartouche, flanked by the repeated DÉPARTEMENT DE LA RÉUNION overprint in black.
Reverse lettering DÉPARTEMENT DE LA RÉUNION 500 | INSTITUT D'ÉMISSION DES DÉPARTEMENT D'OUTRE-MER | 500 RÉPUBLIQUE FRANÇAISE L'ARTICLE 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUE AUTORISÉS PAR LA LOI. DÉPARTEMENT DE LA RÉUNION DÉPARTEMENT DE LA RÉUNION C. SERVEAU FEC. | HOURRIEZ SC.
(Translation: Department of Reunion | Issuing Institute for Overseas Departments | French Republic | Article 139 of the Penal Code punishes with hard labour those who have counterfeited or falsified banknotes authorised by law. | Department of Reunion | Department of Reunion)
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Comments

The Institut d'Émission des Départements d'Outre-Mer was established in 1959 to handle currency for France's overseas departments — Martinique, Guadeloupe, French Guiana, and Réunion — following the creation of the Nouveaux Franc at home. Rather than commission entirely new plates, the IEDOM simply overprinted existing 500 Francs stock (Pick 51) with the redenominated value, a pragmatic solution that kept the Banque de France's production costs down while aligning the overseas departments with metropolitan France's 1960 revaluation at 100 old francs to one new.

Clément Serveau's original design, engraved by Beltrand and Hourriez, predates this overprint series by some years — the plates were borrowed rather than purpose-made for the IEDOM.

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