1958 Bank of France 500 Franc Note - French Inflation Note - 6-2-1958 - 1958 Banque de France Five Hundred Francs Note - P#133b

This listing is for the photographed 1958 Bank of France 500 Francs Banknote. Issued on February 6th, 1958 (6-2-1958). This note has the same design as the later Nouveau Franc notes. 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. Choice Very Fine (VF+) grade/condition, minor visible folds and pinholes due to circulation, as pictured. This is one of the last issues of the 500 francs note before the 1960 revaluation of French banknotes, making this a rarer note! P#133b (Pick Number 133b).

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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1958 Bank of France 500 Franc Note - French Inflation Note - 6-2-1958 - 1958 Banque de France Five Hundred Francs Note - P#133b