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50 Centimes

Issuer Direction Générale des Finances, Régence de Tunis
Year 1921
Type Standard circulation banknote
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Reverse description Green note with ornate Moorish arch border matching the obverse frame. The entire field is covered by a fine guilloche underprint repeating the text DIRECTIONGÉNÉRALEDESFINANCES, with two bold horizontal banners reading DIRECTION GÉNÉRALE DES FINANCES. A large circular official stamp is applied at centre.
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Protection description Circular official stamp of the Régence de Tunis applied to the reverse at centre
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Comments

The Régence de Tunis small-denomination fractional notes of 1921 were a direct response to the acute coin shortage that plagued French North Africa in the early 1920s — metal coinage had been disrupted during the First World War and recovery was slow. These emergency paper fractions were never intended as permanent currency instruments.

Pick 51 is among the more elusive of the Tunisian fractional issues. Low face value meant heavy handling and rapid deterioration in circulation, and few were ever formally saved.

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