Free France
AFD is the descendant of (Central Fund for Free France) created by an ordinance of on December 2, 1941 in London. The fund's role was limited to a note-issuing bank and public treasury institution. The ordinance of 2 December 1941 gave the fund the responsibility for “issuing and taking charge of banknotes in the territories of Free France”, as well as for foreign exchange controls (ordinance of 24 July 1942).