50 Centimes Brown

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正面铭文	CHAMBRE DE COMMERCE D'ORAN Cinquante Centimes 0,50 Le Président Le Trésorier
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背面铭文	0,50 CHAMBRE DE COMMERCE D'ORAN Délibération du 4 Fevrier 1920 Imp Moullot Marseille
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备注	Oran's Chamber of Commerce resorted to locally authorized emergency paper in the years following World War I, when small-denomination coin shortages across French Algeria made daily commerce genuinely difficult. These chambres de commerce issues were a widespread French and colonial phenomenon of the period — the central authorities tolerated them as a practical stopgap, not a formal monetary arrangement. Moullot & fils aîné, the Marseille firm that printed this note, was a commercial lithographer rather than a specialist security printer. The relative modesty of the production reflects that — anti-counterfeiting measures were limited.

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