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50 Francs

Issuer French Treasury
Year 1947
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Engraver(s) Obverse: Camille Beltrand
Reverse: Joseph Broutin
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Obverse description Central vignette presents a classical bust of Mercury facing forward, wearing a winged helmet and adorned with a laurel branch over the right shoulder and an olive branch over the left. The denomination "50" appears at left and right, with the full legend arcing across the note identifying the issuing authority as the Trésor Français and restricting the note's validity to occupied territories. The engraving, executed by Camille Beltrand, exhibits fine intaglio line work characteristic of French Treasury military currency issues.
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Reverse lettering 50 | 50 LE CONTREFACTEUR SERA PUNI DES PEI- NES PREVUES PAR LA LOI.
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Comments

The Allied Military Currency francs issued under French Treasury authority were prepared in advance of the 1944 liberation and initially drew fierce resistance from de Gaulle's provisional government, which viewed them as an assertion of American financial control over liberated France. De Gaulle refused to formally recognize the notes as legal tender, though they circulated regardless. This 1947 date places the note in the tail end of that series — late printings continued well after the liberation itself.

Beltrand and Broutin were both established Banque de France engravers, which explains why these occupation-adjacent notes have a quality inconsistent with typical military currency.

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