50 Centimes

This cardboard issue was part of an emergency small-change series introduced because the First World War had driven metallic coinage — particularly bronze and nickel — almost entirely out of circulation across French-controlled territories. Morocco was not unique in this predicament, but the Protectorate administration handled it through its own distinct series of nécessité notes rather than relying on metropolitan French emergency issues.

The cardboard substrate makes survival in collectible condition genuinely uncommon. These circulated hard in a street economy, and the material does not forgive handling.