1/2 Franc Series C

Korçë's municipal fractional notes are among the most unusual local issues to emerge from the First World War. The town was occupied by French forces from late 1916 and administered as a quasi-autonomous zone — the "Republic of Korçë" in common usage, though never formally constituted as such. The municipal authority issued its own currency partly because French military scrip was inadequate for small transactions and Ottoman coinage had effectively vanished from circulation.

Printed locally by A. A. Vangheli, this is a genuinely provincial production — not a note sent abroad to a commercial security printer and returned. Davier's engraving credit is unusual for a wartime municipal issue of this type.