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5 Francs

Issuer Banque de l'Algérie
Year 1925-1942
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Value 5 Francs (5 TNF)
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Obverse description At right, a vignette of a young Tunisian woman in traditional dress with white headscarf and earrings, framed within an ornate arabesque border with guilloche patterning. To the left, the large denomination numeral '5' appears in red-orange, with the title 'CINQ FRANCS' in bold letterpress across the upper centre, accompanied by an Arabic inscription below. Two signature lines for 'LE SECRÉTAIRE GÉNÉRAL' and 'LE CAISSIER PRINCIPAL' appear at lower left, with the engraver's name 'E. DELOCHE SC.' and the penal code warning against counterfeiting at lower right; the word 'TUNISIE' runs vertically along the right margin.
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Signature(s) 1925-1933 / 08.07.1925 - Moyse & Archambaud
1925-1933 / 02.12.1926 - Moyse & Penalva
1939-1941 / 28.02.1939 - Archambaud & Penalva
1939-1941 / 01.10.1940 with serial # at upper center on front - de Roux & Sebald
30.01.1941 without serial # at upper center on front - de Roux & Sebald
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Comments

The Banque de l'Algérie held a privileged issuing monopoly in French North Africa, and this note circulated across a colony where the franc zone was enforced but economic conditions differed sharply from metropolitan France. The long issuance window — stretching from the mid-1920s through the early Vichy period — produced a range of signature combinations that today serve as the primary dating tool for individual examples.

The October 1940 and January 1941 de Roux & Sebald dates are particularly worth distinguishing: the serial number placement changed between those two printings, with the upper-center position dropped on the later run. That specific variation is easy to overlook but materially affects attribution.

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