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100 Francs

Issuer Société Générale de Belgique
Year 1914-1918
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Shape Rectangular
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Obverse description Intaglio portrait vignette of Queen Louise-Marie at left, set within an oval frame with fine guilloche surround. To the right, the large numeral '100' appears in letterpress between the legends 'FRANCS' on either side, with the issuer's name and 'Société Anonyme' designation above. Two manuscript signature lines for the Directeur-Trésorier and the Gouverneur appear at the lower centre, with a date printed at upper right.
Obverse lettering SOCIÉTÉ GÉNÉRALE DE BELGIQUE (Société Anonyme) CENT FRANCS FRANCS 100 FRANCS Le Directeur-Trésorier Le Gouverneur
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Comments

The Société Générale de Belgique was not a central bank — it was a private financial institution pressed into a quasi-official role after the Banque Nationale de Belgique suspended normal operations under German occupation. These notes circulated because there was simply nothing else available in much of occupied Belgium, a stopgap that persisted across the entire war period.

Pick 90 is among the more frequently encountered of the occupation-era Belgian emergency issues, though condition varies sharply — heavy circulation in wartime conditions left most examples with significant wear.

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