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100 Francs without 'RÉPUBLIQUE FRANÇAISE' overprint

Issuer Institut d'Émission d'Outre-Mer
Year 1969
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Composition Cotton paper
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Reverse description Multicolour intaglio reverse centred on a vignette of a woman amid lush tropical foliage and flowers at left, with native decorative motifs at right centre and bottom centre. A statutory anti-counterfeiting notice is printed in the lower left corner. The design is enclosed within a multicolour guilloche border.
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Protection description Marianne wearing the Phrygian cap; capital letters 'RF'
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Comments

The Institut d'Émission d'Outre-Mer was established in 1966 to handle currency for France's remaining overseas territories after the dissolution of the Institut d'Émission des Départements d'Outre-Mer's broader mandate. This 100 Francs belongs to a transitional phase in that institutional reshuffling — notes from this period exist both with and without the "RÉPUBLIQUE FRANÇAISE" overprint, reflecting changing administrative designations across different territories rather than a printing error.

The absence of the overprint on P#23 is the defining catalogue distinction from its close variant, P#22. Banque de France produced both at the same Paris facility.

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