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20 Francs
| Issuer | Caisse Hypothécaire du Canton de Fribourg |
|---|---|
| Year | 1865-1891 |
| Type | Log in to see details |
| Value | 20 Francs |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | La Caisse Hypothécaire du Canton de Fribourg paiera au porteur à présentation VINGT FRANCS 20 20 Fribourg, le 18 Le Caissier : Le Président du Conseil de Surveillance : Le Directeur : Emission du 18 Série N° |
| Reverse description | The reverse shows a mirror impression of the obverse printing visible through the paper, confirming the note was printed on one side only; no independent design, lettering, or security elements are present on this face. |
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| Comments |
The Caisse Hypothécaire du Canton de Fribourg was a cantonal mortgage institution, not a commercial bank — its note-issuing authority derived from its role financing agricultural and real estate credit in a predominantly rural, Catholic canton that was slower than its neighbours to centralize financial activity. Swiss cantonal note issuance was already under pressure from the federalizing impulse that would culminate in the Banque Nationale Suisse, chartered in 1905, and this series represents one of the later private-cantonal emissions squeezed out by that process.
The twenty-six-year issue window is wide enough that date variants likely exist across the series.