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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. It was reintroduced (in decimal form) in 1795. After two centuries of inflation, it was redenominated in 1960, with each new franc (NF) being worth 100 old francs. The NF designation was continued for a ...
From 1960, notes were issued overprinted with the value in new francs. These were in denominations of 1, 2, 10, 20 and 100 new francs, overprinted on 50, 100, 500, 1000 and 5000 francs notes. It was subdivided into 100 centimes .
The Monégasque franc circulated alongside the French franc with the same value. Like the French franc, the Monégasque franc was revalued in 1960 at a rate of 100 old francs = 1 new franc. [ 2 ] The official euro-to-franc exchange rate was MCF 6.55957 to EUR 1.
In 1848, the French Post Office launched the printing of a 20 centime stamp in black and a 1 franc stamp in red. Between 1849 and 1920, the Post Office's rate for the first weight step was relatively stable between 10 and 40 centimes de franc for 15 grams. In the interwar period, postal prices rose steadily from 25 centimes in 1920 to 1 franc ...
The zaire was introduced on 23 June 1967, at a rate of one zaire = 1000 Congolese francs = 100 Belgian francs. This gives an implicit exchange rate of US$2 per zaire. Between 1971 and 1976, the zaire was pegged to the U.S. dollar with an exchange rate of Z0.50 to US$1.
Fourteen African countries use the franc CFA (in west Africa, Communauté financière africaine; in equatorial Africa, Coopération financière en Afrique centrale), originally (1945) worth 1.7 French francs and then from 1948, 2 francs (from 1960: 0.02 new franc) but after January 1994 worth only 0.01 French franc. Therefore, from January 1999 ...
In 1935, the Belgian franc was devalued by 28% to 150.632 mg fine gold per Belga and the link between the Luxembourg and Belgian francs was revised to 1 Luxembourg franc = 1.25 Belgian francs. [4] Following Belgium's occupation by Germany in May 1940, the franc was fixed at a value of 10 Reichspfennige, reduced to 8 Reichspfennige in July 1940.
10 Nouveaux Francs. The Bank of France issued the first bills for the nouveau franc worth one hundred ancients francs, and brought back the centime coin, replacing the old franc. The new franc, at roughly five to U.S. dollar, had become legal tender on January 1.