Search results
Results from the WOW.Com Content Network
The franc (/ f r æ ŋ k /; French: franc français, [fʁɑ̃ fʁɑ̃sɛ]; sign: F or Fr), [n 2] also commonly distinguished as the French franc (FF), was a currency of France.Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money.
Centime (from Latin: centesimus) is French for "cent", and is used in English as the name of the fraction currency in several Francophone countries (including Switzerland, Algeria, Belgium, Morocco and France). In France, the usage of centime goes back to the introduction of the decimal monetary system under Napoleon. This system aimed at ...
The franc is any of various units of currency.One franc is typically divided into 100 centimes.The name is said to derive from the Latin inscription francorum rex (King of the Franks) used on early French coins and until the 18th century, or from the French franc, meaning "frank" (and "free" in certain contexts, such as coup franc, "free kick").
The official exchange rate with the cantonal concordate currency was seven Batzen to one franc. The first coins of the Swiss franc were minted in Paris, Brussels and Strasbourg, until the former cantonal mint of Bern was made ready to begin production as federal mint. The batch of coins produced in 1850 and 1851 was insufficient, and the ...
In a currency, there is usually a main unit (base) and a subunit that is a fraction of the main unit. In some countries, there are multiple levels of subunits. In the former Ottoman Empire, 1 lira = 100 [kuruş] = 4000 para = 12000 [akçe].
The 5-franc notes were replaced by coins in 1949, followed by the 10-franc notes in 1971, the 20-franc notes in 1980 and the 50-franc notes in 1987. In 1985, the Institut Monétaire Luxembourgeois took over paper money issuance from the government and issued the first post-war 1000-franc notes (€24.79).
When the new French franc was introduced in 1960, the rate became 1 CFA franc = 0.02 French francs. After independence from France, the privilege to issue banknotes was transferred to the Institut d'Émission Malgache on 31 December 1961. The CFA franc was replaced by the Malagasy franc on 1 July 1963.
The franc was the currency of the Swiss canton of Geneva between 1839 and 1850. It was subdivided into 100 centimes. History. The franc replaced the thaler in 1839.