BELGIUM 100 francs 4.11.1944 P114
$25.00
BELGIUM, 100 francs, 4.11.1944, Face: orange, sleepy woman, French text, Back: orange, woman and child, Flemish text, P114, aF
Out of stock
Description
Belgium got started with paper money early in the 19th century. By the end of that century banknote production had become a government monopoly. During and after World War I local notes were made in various locations. Belgium joined the euro zone and abandoned its national currency.
Aside from China, other governments started using circulating “banknotes” starting in the 17th century AD. The practice became general in the 19th century. In the 20th century value of paper money in circulation far surpassed the value of coinage. In the 21st century paper money is fading and credit transactions are growing.
Paper money, meaning the promise of a government to pay a set amount, and the paper promise allowed to circulate at will, was probably first used in China in the 12th century AD. At that time the merchants and governments of Europe were just writing letters to each other about what they owed.
