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50 Centimes - Chambre de Commerce de La Roche s/ Yon and de la Vendée 85
| Issuer | Chambre de Commerce de La Roche-sur-Yon et de la Vendée |
|---|---|
| Year | 1915 |
| Type | Local banknote |
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| Composition | Log in to see details |
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|---|---|
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| Protection type | Watermark |
| Protection description | Watermark consisting of repeated text of the issuer's name across the central field, visible as a guilloche-style underprint on the obverse. |
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| Comments |
French chambers of commerce began issuing emergency small-denomination notes in 1914 because the outbreak of war triggered an immediate hoarding crisis — silver and bronze coins vanished from circulation almost overnight, and the Banque de France had neither the infrastructure nor the mandate to plug the gap at that level. La Roche-sur-Yon's chamber was among dozens that stepped in under emergency authorization, producing locally printed paper to keep retail trade moving in the Vendée.
The Imprimerie Moderne de Nantes handled a considerable volume of these regional emergency issues, and the JP#65 series spans at least three catalogue references, suggesting multiple print runs or date variants across the 1915–1916 period.