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25 Centimes

Issuer Syndicat du Commerce et de l'Industrie de la Région de Mostaganem
Year 1916-1918
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Value 25 Centimes
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Obverse description Red card stock with black letterpress print throughout. The text is enclosed within a single-rule rectangular border with small diamond ornaments at each corner. The denomination '0.25' is printed in large bold numerals at the centre, with 'BON POUR' above and 'CENTIMES' below, and the issuing authority named in two lines across the top of the note.
Obverse lettering SYNDICAT DU COMMERCE
et de l'Industrie de la Région de Mostaganem
BON POUR
0.25
CENTIMES
(Translation: Commerce and Industry Syndicate of Mostaganem region. Good for 25 centimes.)
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Comments

Emergency fractional paper issued by a local trade and industry syndicate in Mostaganem, a port city on the Algerian coast, during the acute small-change shortage that gripped much of France and its territories in the First World War. The Banque de l'Algérie was unable to meet demand for low-denomination coins, and chambers of commerce and regional syndicates across Algeria stepped in as quasi-monetary authorities — a parallel process to what was happening simultaneously across metropolitan France with the well-documented bons de nécessité issues.

The Mostaganem syndicate's notes are among the more obscure of the Algerian wartime issues, rarely appearing in European auction rooms.

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