Definição

• The name given to a species of paper money first issued in France pur- suant to an order of the National Assem- bly of April 19, 1790. The Republic issued them in denominations from 10,000 Livres to 5 Livres, as well as a smaller currency called Appoints as low as ten Sous.

  As there was an inadequate gold or sil- ver redemption fund their value soon de- preciated to one-sixth of their original worth. By an order of the Directorate of February 19, 1795, they were abolished, and the holders were permitted to exchange them for a new variety of paper money called the Mandat. This also became worthless in a short time.

  Essays of Assignats for 100, 50, 25, and 5 Livres struck in white metal and copper were issued in 1791.

Fonte

• Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)

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