ALGERIA. Banque de lAlgerie et de la Tunisie. 10 NF on 1000 Francs, 25.7.1958. P-112. PMG Choice Very Fine 35.Sole finest in the PMG population report and a deceptively difficult type from French Algeria. At the time this was issued Algeria was in political turmoil as the country tried to break away from its French influence and become an independent nation. Before that happened, however, as elsewhere in the Francophile world, the Nouveaux Franc was introduced in 1960, replacing the old Franc at a rate of 1:100. Old notes overprinted with the new denomination, such as this example, were issued before entirely new notes could be introduced into circulation. PMG Comments "Staple Holes."
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