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100 Francs overprint in cursive

Issuer Institut d'Émission d'Outre-Mer
Year 1970-1977
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Size 140 × 75 mm
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Reverse description Denomination numeral 100 appears at upper left and upper right. A female figure surrounded by tropical foliage and flowers occupies the left portion of the note, while native geometric motifs are positioned at right centre and bottom centre. An anti-counterfeiting warning in letterpress is set at lower left, and the territory name Nouvelles Hébrides appears twice in cursive script — a distinguishing feature from the related P-16 issue, where it appears only once in block lettering.
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Protection description Inset watermark reading République Française.
Variants P#18a - signatures: Postel-Vinay & Clappier Intaglio printing
P#18b - signatures: Postel-Vinay & Clappier series from >E.1 / 51000 lithographed
P#18c - signatures: Panouillot & de Lattre
P#18d - signatures: Panouillot & Theron
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