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50 Centimes
| Issuer | Municipality of Korçë (Albanian notgeld) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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| Obverse description | Plain typeset note printed in black on uncoloured paper, with a simple single-line rectangular border frame. The heading 'Territoire de Koritza.' appears at the top in serif type, followed by the denomination 'Cinquante Centimes' in bold lettering. To the left, a circular military handstamp of the French Army ('Armée d'Orient — Commandement Militaire') is applied in blue-grey ink, and a manuscript signature of the Lieutenant Colonel commanding the territory appears at the lower right. |
|---|---|
| Obverse lettering | Territoire de Koritza. Cinquante Centimes Le Lieutenant Colonel Commandant du Territoire (Translation: Territory of Korçë. Fifty centimes. The Lieutenant Colonel commanding the territory.) |
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| Comments |
Korçë's municipal notgeld of 1920 emerged from one of the more chaotic administrative episodes in early Albanian statehood. The town had cycled through French military occupation, a brief autonomous republic in 1916–1918, and competing Greek and Albanian claims before settling — uneasily — under Albanian authority. Local currency substitutes were a practical response to the near-total absence of a functioning national monetary system.
Albania would not establish a proper central bank until 1925. In the interim, municipalities, merchants, and local authorities improvised. Korçë's issues are among the few documented Albanian notgeld from this period, which makes surviving examples genuinely uncommon rather than artificially scarce.