2 Francs Brown

The Chambres de Commerce emergency note issues of the early 1920s are often lumped together, but the Oran chamber operated within a particularly acute local shortage — Algeria's coastal trading cities saw coin disappear rapidly during and after the First World War, and metropolitan France was slow to address the gap in its overseas departments and territories. Local commercial chambers stepped in with their own fractional notes, which circulated by practical necessity rather than legal mandate.

Moullot fils aîné was a Marseille-based printing house with long-standing ties to North African commercial printing, making them a natural choice for a chamber whose merchant membership maintained close ties across the Mediterranean. The 1920 date places this at the tail end of the emergency issue period, shortly before central authorities moved to suppress locally issued substitutes.