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500 Francs

Issuer Banque de France
Year 1943
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Shape Rectangular
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Reverse lettering BANQUE DE FRANCE
500
500
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Protection description a portrait medallion visible when held to light, integrated into the paper during manufacture.
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Comments

The Chateaubriand 500 Francs series was printed and issued under German occupation, a circumstance that shaped everything about its production and distribution. The Banque de France continued operating throughout the war under Vichy administration, supplying notes to an economy simultaneously drained by occupation indemnity payments — France was billed 400 million francs per day to cover Wehrmacht costs, a figure that drove chronic cash shortages and accelerated note wear.

P#101A specimens in genuinely circulated grades are common for the period. The notes moved hard through a rationed, black-market economy where paper changed hands constantly.

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