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5 Francs
| Issuer | Banque d'État du Maroc |
|---|---|
| Year | 1922-1941 |
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| Engraver(s) | Eugène Gaspérini |
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|---|---|
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| Reverse description | The reverse is printed entirely in red and gold tones, with a dense Moorish star-lattice guilloché underprint framed by a columned architectural border. Arabic text in bold red intaglio occupies the upper cartouche and the central field, presenting the issuer's name and denomination in Arabic script, with two manuscript signature pairs flanking a central Arabic legend. The numeral '5' appears in the upper right within a matching arch cartouche, and a scalloped white oval watermark reserve occupies the lower right; the Arabic denomination in Maghrebi script is repeated in a decorative panel along the lower border. |
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| Variants | P#23Aa - 01.08.1922 with "Payables a vue au porteur" on front P#23Ab - 24.07.1941, 27.07.1941 & 14.11.1941 without "Payables a vue au porteur" on front |
| Comments |
The Banque d'État du Maroc was a peculiar institution — nominally Moroccan, but established under the 1906 Act of Algeciras as a multinational concessionary bank with French interests dominant from the start. This note's extraordinarily long print run, spanning nearly two decades, reflects the protectorate's monetary conservatism rather than any printing convenience. The plates didn't change; the political situation did, repeatedly.
Gaspérini was a senior engraver at the Banque de France ateliers, and the quality of intaglio work on this series is noticeably finer than contemporary colonial issues printed by private security printers.