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Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

Paper money authorized to be issued in 1789 by the revolutionary French government.  Assignats were non-interest bearing notes which originally were secured by the confiscated properties of the church and were a typical example of fiat money.  Successive issues were authorized and issued in such volume without security that they depreciated rapidly and in the end became valueless.

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