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5 New Francs Overprint on 500 Francs
| Issuer | Caisse Centrale de la France d'Outre-Mer |
|---|---|
| Year | 1961 |
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| Reference(s) | P#30 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CAISSE CENTRALE DE LA FRANCE D'OUTRE-MER CONTRE-VALEUR DE 5 NOUVEAUX FRANCS GUYANE CINQ CENTS FRANCS C. SERVEAU FEC. G. BELTRAND SC. (Translation: Central Fund of Overseas France Counter-value of Five New Francs Guiana Five Hundred Francs) |
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| Reverse lettering | GUYANE CAISSE CENTRALE DE LA FRANCE D'OUTRE-MER 500 L'ARTICLE 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCES CEUX QUI AURONT CONTREFAIT OU FALSIFIE LES BILLETS DE BANQUES AUTORISÉES PAR LA LOI C. SERVEAU FEC. HOURRIEZ SC. (Translation: Guiana Central Fund of Overseas France Article 139 of the Penal Code punishes with forced labor those who have counterfeited or falsified bank notes authorized by law.) |
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| Comments |
The overprint on this note is itself a monetary policy event. When France redenominated in 1960 — converting at 100 old francs to one new franc — the Caisse Centrale had no time to issue fresh stock before the change took effect in its overseas territories, so existing 500-franc notes were simply stamped "5 NF" and pushed back into circulation. It was a stopgap, openly acknowledged as temporary.
Beltrand was one of the most technically accomplished intaglio engravers working for the Banque de France in the postwar decades. Serveau's design work for the Caisse Centrale series is considered among the more careful of the French colonial printings.