100 Francs

The Banque de la Réunion was a colonial bank of issue operating under a French government concession, not a central bank in any modern sense. Its notes circulated across the island as the primary fiduciary currency, but the institution itself was headquartered in Paris — an arrangement that meant monetary policy for Réunion was effectively made thousands of miles from the people using these notes daily.

The fifteen-year date span on P#19 reflects multiple emission dates rather than a single print run, with successive issues carrying the same basic design into the interwar period. Notes from the earlier part of the range are considerably scarcer than those dated through the late 1920s.