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4 Belga / 20 Francs - Albert I French text

Issuer Belgium
Year 1931-1932
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Orientation Variable alignment ↺
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Reverse script Latin
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Edge Plain with incused lettering
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Additional information

Belgium's interwar nickel coinage was a direct consequence of the country's postwar monetary chaos. The belga was introduced in 1926 as a unit of five francs, itself a stabilization measure after the franc had lost roughly 85% of its prewar value. This piece carries French text, meaning it served the Francophone population under Belgium's strict linguistic parity laws — identical coins with Flemish text were struck concurrently as separate issues.

Production ran only across 1931 and 1932, cutting off as the Great Depression tightened its grip on Belgian public finances. Nickel hoarding was not yet the issue it would become later in the decade.

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