1962 Bank of France 5 Nouveaux Franc Note - Inflation Note - Rare Date, 1-3-1962 - 1962 Banque de France Five New Francs Note - P#141a

This listing is for the photographed 1962 Bank of France 5 Nouveaux Francs Banknote. Issued on March 1st, 1962 (1-3-1962), rarer issue date. Issued as part of the revaluation initiative of French currency starting in 1960, more history below. Obverse of note displays a portrait of Victor Hugo on the right end and the Pantheon in Paris in the background. Reverse shows an inverted version of the same portrait of Victor Hugo on the left end with Vosges place in the background. Very Fine (VF) grade/condition, some folds and pinholes due to circulation, as pictured. New Franc banknotes are rarer and valuable finds, making these notes highly sought after pieces! P#141a (Pick Number 141a).

In January of 1960 the French government began the process of revaluing their currency, the Franc system, in response to rampant inflation that had affected the country for years. This revaluation established a new system for the franc currency, creating the Nouveaux Franc (NF) which was equal to 100 old francs (1 NF = 100 F). Banknotes using the New Franc began issuance in 1958, these new banknotes featured the name "Nouveaux Francs (NF)" to identify their different value from the old franc notes until the old francs ceased circulation in 1963. After 1963 New Franc notes began to be printed and circulated as "Franc" notes as the country began to restabilize their economy. These Nouveaux Franc notes provide an interesting look into the history of the French economy and their practices, making for a great addition to any collection! 

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1962 Bank of France 5 Nouveaux Franc Note - Inflation Note - Rare Date, 1-3-1962 - 1962 Banque de France Five New Francs Note - P#141a