The Banque de l'Algérie et de la Tunisie was a hybrid institution — formally a French colonial bank but also the currency authority for Tunisia under the protectorate, a dual mandate that became politically awkward fast. Tunisia gained independence in 1956, at which point the bank's Tunisian role collapsed almost immediately; Algerian notes of this type continued briefly under the same institution until the reorganization of 1958.
Cheffer and Beltrand were a well-established Banque de France pairing — Beltrand in particular had engraved French metropolitan issues for decades. Their work on colonial paper often recycled elements from domestic French production, and the Banque de France press in Paris produced this note to the same technical standards as its home-market currency.
The Banque de l'Algérie et de la Tunisie was a hybrid institution — formally a French colonial bank but also the currency authority for Tunisia under the protectorate, a dual mandate that became politically awkward fast. Tunisia gained independence in 1956, at which point the bank's Tunisian role collapsed almost immediately; Algerian notes of this type continued briefly under the same institution until the reorganization of 1958.
Cheffer and Beltrand were a well-established Banque de France pairing — Beltrand in particular had engraved French metropolitan issues for decades. Their work on colonial paper often recycled elements from domestic French production, and the Banque de France press in Paris produced this note to the same technical standards as its home-market currency.