100 Francs / 20 Belgas Front in French

This note arrived with the Liberation. The Banque Nationale issued the 100 Francs / 20 Belgas series from 1929 onward, but the 1944 dating places this example at the precise moment Allied forces were moving through Belgium — a period when monetary continuity mattered as much as military advance. The retention of the "Belgas" unit alongside Francs is itself a curiosity: the Belgas was an interwar trade denomination, five to the Belga, introduced in 1926 and formally abolished shortly after the war.

Minguet's intaglio work on the obverse is among the finer Belgian engraving of the period.