100 Francs

The Banque de l'Afrique Occidentale was a private commercial bank granted the note-issuing privilege for French West Africa, not a central bank in the modern sense — a colonial arrangement that persisted until the postwar monetary reforms. This note spans the awkward years when Dakar-based circulation continued under first the Third Republic, then Vichy, which means surviving examples could have passed through either administrative regime without any visible change to the note itself.

Marguerite Dreyfus, who signed her work as "Rita," was one of very few women engravers credited on Banque de France production work during this period.