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In 1865, Belgium, France, Switzerland and Italy created the Latin Monetary Union [3] (to be joined by Greece in 1868): each would possess a national currency unit (franc, lira, drachma) worth 4.5 g of silver or 290.322 mg of fine gold, all freely exchangeable at a rate of 1:1. In the 1870s the gold value was made the fixed standard, a situation ...
European Currency Unit and 22 national currencies which were replaced by the euro: Austrian schilling; Belgian franc; Croatian kuna; Cypriot pound; Dutch guilder; Estonian kroon; Finnish markka; French franc; German mark; Greek drachma; Irish pound; Italian lira; Latvian lats; Lithuanian litas; Luxembourgish franc; Maltese lira; Monégasque ...
Belgian coins may refer to: Belgian franc - the old Belgian currency; Belgian euro coins - the Belgian euro coins; Euro gold and silver commemorative coins (Belgium) ...
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Like the French franc, the Belgian and Luxembourg francs ceased to exist on 1 January 1999, when they became fixed at 1 EUR = 40.3399 BEF/LUF, thus a Belgian or Luxembourg franc was worth €0.024789. Old franc coins and notes lost their legal tender status on 28 February 2002. One Luxembourg franc was equal to one Belgian franc.
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Belgian euro coins feature only a single design for all eight coins: the portrait or effigy of the King of the Belgians. Previously, all Belgian euros depicted King Albert II and his royal monogram. Current coins depict King Philippe. Also part of the design by Jan Alfons Keustermans are the 12 stars of the EU and the year of imprint.
The museum is divided into three exhibits: the history of money, the history of the National Bank of Belgium, and the interactions between people and money and the design of money. [5] It has a collection of old Belgian coins and explains the emergence of currency through the centuries. [citation needed]
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