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5 Francs - Bougainville

Issuer Caisse Centrale de la France d'Outre-Mer
Year 1947
Type Standard circulation banknote
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Protection type Watermark
Protection description Anchors and small boats
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Comments

The Caisse Centrale de la France d'Outre-Mer issued this note for circulation across a remarkably broad range of French overseas territories — the same P#20B type circulated in places as geographically removed from each other as French Guiana, Réunion, and Martinique. That breadth was the point: the CCFOM was created in 1944 specifically to unify and manage currency across France's colonial empire during postwar reconstruction, replacing the patchwork of pre-war issuing authorities.

Beltrand was a distinguished engraver whose work appeared across multiple Banque de France productions; Chapon's reverse engraving is the lesser-discussed contribution to this note but technically accomplished.