25 Centimes

The Union Latine emergency tokens issued from Toulouse in the early 1920s emerged from a nationwide small-change famine that had persisted since the First World War. The French state never adequately restocked bronze and copper coinage after wartime metal requisitions, leaving regional chambers of commerce and trade unions to fill the gap with locally authorized aluminium pieces.

The Comité du Sud-Ouest was one of several southwestern French commercial bodies empowered to issue necessity coinage; Toulouse-area pieces circulated across the Haute-Garonne and neighboring departments well into the mid-1920s before the state finally reasserted control over petty coinage.