Greysheet Catalog Details
On 2 December 1941, the Comité National Français (French National Committee) established the Caisse Centrale de la France Libre (Central Bank of Free France) with René Pleven as its president, headquartered in premises adjacent to the Bank of England’s Threadneedle Street building, London, England. The CCFL was established as the central bank of Charles de Gaulle’s Free France. On 24 July 1942 it was given note-issuing privileges for the colonies and overseas territories which were under the control of Free France. The issuing of banknotes by the CCFL guarded against the threat of speculative trade and exchange of banknotes by territories under the Free France authority (which were at a fixed rate to the pound sterling) to banknotes of Vichy France controlled regions (which suffered from high inflation).