Assignats were paper money issued by the Constituent Assembly in France from 1789 to 1796, during the French Revolution, to address imminent bankruptcy. ... The assignats were immediately a source of political controversy. They were backed by the value of properties formerly held by the Catholic Church, which were confiscated, on the motion of Mirabeau, by the Assembly on 2 November 1789, and the crown lands, which had been taken over by the nation on 7 October. The assignats were first to be paid to the creditors of the state. With these the creditors could purchase national land, the assignats having, for this purpose, the preference over other forms of money. If the creditor did not care to purchase land, it was supposed that he could obtain the face value for them from those who desired land. Those assignats which were returned to the state as purchase-money were to be cancelled, and the whole issue, it was argued, would consequently disappear as the national lands were distributed
THE SIZE IS 480 x 360 MM and contains 25 pieces All have watermark FR
