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50 Francs

Issuer Banque de l'Algérie
Year 1928-1936
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Designer(s) Georges Duval
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Reverse lettering ARTICLE 139 _ LE CODE PÉNAL PUNIT DES TRAVAUX FORCÉS À PERPÉTUITÉ LE CONTREFACTEUR GEO DUVAL - FEC C ROMAGNOLI - SC
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Protection description Watermark visible in the blank cartouche areas on both sides.
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Comments

The Banque de l'Algérie, though nominally a colonial institution, operated under a concession from the French state and functioned as Algeria's de facto central bank from 1851 through independence. This series spans a particularly stable period — no currency crisis, no wartime emergency — which is precisely why examples in decent order survive in reasonable numbers.

Romagnoli's engraving work is the note's distinguishing credential. A skilled intaglio engraver active in France during the interwar decades, his contribution gives the printing a depth and line quality that offset lithography of the period rarely matched.