1944 – Social Republic 100 Lire Barbetti 10.10.1944 Very Fine+

Social Republic period

The Italian Social Republic (RSI), also known as the Republic of Salò, was the regime, which existed between September 1943 and April 1945, wanted by Nazi Germany and led by Benito Mussolini, in order to govern part of the Italian territories controlled militarily by the Germans after the armistice of Cassibile. Its legal nature is controversial: it is considered a puppet state by much of historiography, as well as by the prevailing doctrine of international law; however some historians and jurists have problematized the scope of this definition, defining the CSR as an "insurrectionary government" (therefore endowed with its own subjectivity) or in any case an entity endowed with an original system and not derived from that of Germany

On the back monogram "BI" – drawing by Barbetti engraved by Ballarini

Watermark number 100, in the oval head of Mercury mark head of Italy – large B of Bank

Signatures: Azzolini/Urbini