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25 Centimes

Issuer Protectorat de la France au Maroc
Year 1919
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Value 25 Centimes (0.25)
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Obverse description Pink cardboard note with bilingual text in French and Arabic; the French legend "Protectorat de la France au Maroc" appears at upper left alongside the Arabic equivalent. A large octagonal stamp overprint at right bears the inscription "MAROC 25c" within a decorative guilloche border. The denomination "VINGT-CINQ" is printed in bold letterpress at centre-left, with the date "Octobre 1919" and a serial number at the lower portion.
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Variants P#4a - "Octobre" in date with or without series letters
P#4b - "OCTOBRE" in date
P#4c - "OCTOBRE" in date
Comments

France's Moroccan protectorate faced a severe small-change shortage during and immediately after World War One — silver had been hoarded, and Spanish and Hassani coinage that normally circulated in the region had effectively disappeared from daily transactions. These cardboard emergency fractional pieces were issued in 1919 as a stopgap, functioning more as tokens than as conventional banknotes. The Banque d'État du Maroc sponsored the series, which covered several denominations, all in the same stiff cardboard format.

Cardboard issues of this type deteriorate badly in humid coastal climates, and Morocco's Atlantic ports saw heavy use. Surviving examples in anything better than heavily worn condition are genuinely uncommon.