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50 Francs

Issuer Société Générale pour Favoriser l'Industrie Nationale
Year 1837
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Value 50 Francs (50 BEF)
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Reverse description Mirror image of the obverse, printed in black letterpress, presenting the design in reverse orientation as a counter-check feature. The central oval vignette with the numeral "50" and crowned allegorical surround remains legible in reverse, with the full inscriptions and serial references visible as a mirror image.
Reverse lettering ROYAUME DE BELGIQUE
SOCIÉTÉ GÉNÉRALE POUR FAVORISER L'INDUSTRIE NATIONALE
50
à VUE Il Sera Payé la SOMME
Cinquante Francs
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Comments

The Société Générale pour Favoriser l'Industrie Nationale was a Belgian joint-stock bank founded in 1822 under William I of the Netherlands, originally conceived as an instrument of industrial financing rather than a traditional note-issuing institution. After Belgian independence in 1830, it repositioned itself and became one of the dominant private banks still authorized to issue paper currency during the transitional decade before the National Bank of Belgium was established in 1850 and absorbed the note-issuing privilege entirely.

By 1837, the Société Générale was operating in a competitive field — several Belgian banks still held issue rights simultaneously, which created persistent public skepticism about note values and interchangeability.

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