25 Centimes

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.