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This banknote is a 1 franc denomination, issued in France. It is a Regional Bond issued in Laon, dated June 16, 1916, and belonging to Series 19.
This type of banknote, issued locally, reflects a period when economic necessities led to alternative monetary solutions due to the circumstances of the time. The absence of a national issuing institution on the designation of the banknote suggests that its issuance was supervised by a regional or local entity.
The face value is clearly indicated by the number "1" and the monetary unit "franc". The date of issue, 16-06-1916, provides a precise historical context, placing the banknote during World War I, a period of great economic instability and shortage of precious metals, which often led to the issuance of emergency money.