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10 Centimes Régie des Chemins de Fer en Territoires Occupés
| Issuer | Régie des Chemins de Fer des Territoires Occupés (RCFTO) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 10 Centimes (0.10) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REGIE DES CHEMINS DE FER DES TERRITOIRES OCCUPES BON POUR 0fr,10 RCFTO | OTFCR VALABLE EN PAIEMENT DE TOUTES SOMMES DUES AUX CHEMINS DE FER OUTLIG ZUR ZAMLUNG ALLER AN DIE EISENBAHNTEN GESCHULDETEN BETRACE RCFTO | OTFCR Impr. PAUL DUPONT. PARIS |
| Reverse description | Log in to see details |
| Reverse lettering | 0fr.10 TOUTE PERSONNE QUI AURA CONTREFAIT OU FALSIFIE DES BILLETS OU FAIT USAGE DE BILLETS CONTREFAITS OU FALSIFIES SERA FRAPPEE DES PEINES EDICTEES PAR LA HAUTE COMMISSION INTERALLIEE DES TERRITOIRES RHENANS WER OUTSCHEINE NACHMACHT ODER NACHÜEMACHTZ INVERIOEBR BRINGT WIRD MIT DER VON DER HOHEN INTERALLIENTEN RHEINLANDROMMISSION VERHANGTEN STRAF BELEOT R. VERGNOT DEL. E. De RUAZ sculp |
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| Comments |
The RCFTO was not a bank but a Franco-Belgian railway administration established to operate the German rail network in the occupied Rhineland and Ruhr following the First World War. These small-denomination notes were issued specifically to pay wages to local railway workers and handle minor operational transactions — the occupying authorities had no intention of using German marks if they could avoid it. The French occupation of the Ruhr in 1923 coincided almost exactly with the catastrophic collapse of the German hyperinflationary mark, which made the need for a parallel scrip currency suddenly very practical.
Vergnot and de Ruaz were a creditable pairing for such minor fiscal printing; Imprimerie Paul Dupont had a long record of government and transport work.