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5 Centimes
| Issuer | Syndicat du Commerce et de l'Industrie de la Region de Mostaganem |
|---|---|
| Year | 1915 |
| Type | Log in to see details |
| Value | 5 Centimes (0.05) |
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| Obverse description | Pale yellow-ochre marbled underprint with a bold vertical red decorative band running through the centre, printed in letterpress. The note is framed by a double-line black border with small diamond ornaments at each corner. Issuer name appears at top in bold black capitals, followed by the denomination '0.05' in large bold numerals and 'CENTIMES' at foot, all in black letterpress. |
|---|---|
| Obverse lettering | SYNDICAT DU COMMERCE et de l'Industrie de la Region de Mostaganem BON POUR 0.05 CENTIMES |
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| Comments |
Mostaganem's commercial syndicate issued this 5 centimes note in 1915 as emergency fractional currency — a direct response to the wartime hoarding of metal coinage that paralyzed small transactions across French Algeria. With copper and brass diverted to military needs, local chambers of commerce and trade syndicates throughout Algeria filled the gap with paper nécessité notes, each valid only within their issuing region.
These hyper-local issues were never redeemable outside the immediate commercial district, and redemption after the war was inconsistent at best. Survivors are almost entirely from unissued stock rather than genuine circulation.