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100 Francs
| Issuer | Banque Internationale à Luxembourg |
|---|---|
| Year | 1930 |
| Type | Log in to see details |
| Value | 100 Francs |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANQUE INTERNATIONALE à LUXEMBOURG Luxembourg, le 18 décembre 1930 100 CENT FRANCS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ DES BILLETS DE BANQUE SERONT PUNIS DES TRAVAUX FORCÉS DE 15 À 20 ANS |
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| Protection type | Watermark |
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| Comments |
Waterlow & Sons printed this note at a time when they were among the most technically capable security printers in Europe, handling paper currency for dozens of sovereign and quasi-sovereign issuers simultaneously. The Banque Internationale à Luxembourg — founded in 1856 and still operating today — was a private commercial bank with note-issuing privileges that persisted well into the interwar period, an unusual arrangement even by the looser standards of European banking law at the time.
Luxembourg's note-issuing framework in this period allowed private banks to circulate their own currency alongside state-issued money, a situation that became increasingly anomalous as central banking orthodoxy hardened across the continent through the 1930s.