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This 50 centimes note was issued by the Chambre de Commerce de Rochefort-sur-Mer in 1920, as part of the 5th series. It is part of the context of emergency currency issues that multiplied in France during and after the First World War, a period during which the shortage of small change forced many chambers of commerce to issue their own local notes to compensate for the lack of fiduciary currency in circulation.
The Chambre de Commerce de Rochefort-sur-Mer, a historic port city in Charente-Maritime, produced several series of small denomination notes in order to ensure the continuity of local commercial exchanges. These regional issues now represent a particularly well-documented category of French emergency currency, bearing witness to local economic organisation in times of crisis.
This note belongs to the 5th series, indicating that it is part of a late issue, reflecting the persistent need for small change even after the end of the conflict. The face value of 50 centimes corresponds to an intermediate denomination intended to facilitate everyday transactions.
From a typological standpoint, these chamber of commerce notes are generally printed on paper and include mandatory information such as the name of the issuing body, the nominal value, the series number, as well as graphic elements specific to each institution. They were redeemable in legal tender upon presentation to the issuing chamber, thus conferring upon them the status of temporary currency for strictly local use.
This type of numismatic document constitutes a valuable source for the study of French regional economic and monetary history at the beginning of the 20th century, illustrating the adaptive mechanisms put in place by local economic actors in the face of the monetary disruptions of the era.
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