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The "flag ticket" franc (French: Billet drapeau) was a currency issued by the United States for use in Allied-occupied France in the wake of the Battle of Normandy.With the swift take-over of sovereignty by General Charles de Gaulle, who considered the US occupation franc as "counterfeit money", the currency rapidly faded out of use in favour of the pre-war French franc.
In 1944, the liberating Allies introduced dollar-like paper money in denominations between 2 and 1000 francs, as well as a brass 2-franc coin. After the Second World War, 5, 10 and 20-franc notes were replaced by coins in 1950, as were the 50- and 100-franc notes in the mid-1950s. In 1954, the 10,000-franc notes were introduced.
In 1944 the Allies minted 25 million 2 franc coins at the Philadelphia Mint using leftover planchets for the 1943 steel cent. In 1948, cupro-nickel 5 francs and silver 50 and 100 francs were produced, followed by silver 20 francs in 1949 and cupro-nickel 1 franc in 1950. These coins depicted classical allegoric figures.
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.
The 2 franc coin was minted by the United States in 1944 in preparation for the Allied liberation of Belgium. An Allied Occupation Issue , this coin was minted at the Philadelphia Mint with the blank planchets of the 1943 steel cent [ 10 ] Some of these coins have a slightly different weight, and thus their blank planchets would have been ...
In 1944, notes were issued in the name of the Région économique d'Algérie in denominations of 50 centimes and 1 and 2 francs. The Bank of Algeria introduced notes worth 10,000 francs and 5,000 francs in 1945 and 1946, respectively. In 1949, the Banque de l'Algérie et de la Tunisie commenced banknote issue, with denominations of 500, 1,000 ...
(Reuters) -U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and ...
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