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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.
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.
The value of the French franc was locked to the euro at 1 euro = 6.55957 FRF on 31 ... worth 1.7 French francs and then from 1948, 2 francs (from 1960: 0.02 new franc ...
The new franc, at roughly five to U.S. dollar, had become legal tender on January 1. To prepare the French for the changeover, the old-style bills had been overstamped with new value and the initials "N.F." [10]
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 Katangese franc (French: franc katangais), was the currency of the unrecognized State of Katanga between 1960 and 1963 during its brief period of independence from the Republic of the Congo. It replaced the Congolese franc at par and was consequently initially equal to the Belgian franc .
The Moroccan franc was equal in value to the French franc. When Spanish Morocco was united with the rest of Morocco, the franc replaced the Spanish peseta at a rate of 1 peseta = 10 francs. In 1960, the dirham was introduced. It was subdivided into 100 francs. The franc was replaced as the subdivision of the dirham by the centime in 1974.
(Décret n°59-1450 du 22 décembre 1959) The new exchange rate was 1 Madagascar-Comores CFA franc = 0.02 French francs (50 Madagascar-Comores CFA francs = 1 French franc). On 26 June 1960, Madagascar gained independence from France, and the Institut d'Émission Malgache (headquartered in Antananarivo) was created to issue currency only for ...
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