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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.
In 1865, France, Belgium, Switzerland and Italy created the Latin Monetary Union (to be joined by Spain and Greece in 1868): each would possess a national currency unit (franc, lira, peseta, drachma) worth 4.5 g of silver or 0.290 322 g of gold (fine), all freely exchangeable at a rate of 1:1. In the 1870s the gold value was made the fixed ...
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. [3] Today, Monégasque coins have only numismatic value, including the fleurs de coins, or proof-like coins. The period for exchange of the coins for euros has expired.
Before 1890, the French franc and Canadian dollar both circulated on the islands. These were supplemented with local banknotes of the Banque des Îles Saint-Pierre-et-Miquelon from 1890. The exchange rate of 5.4 francs = 1 dollar was used on the island, although the exchange rate from the two gold standards was 5.1826 francs = 1 dollar. After ...
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 1 and 2 franc coins were discontinued, and a new bimetallic 200 franc coin was issued. The old coins were withdrawn from circulation in January 2023. Since the lowest denomination in use is now the 5 franc coin, cash transactions are now subject to rounding: Ending in 1 or 2 francs: round down to 0. Ending in 3 or 4 francs: round up to 5.
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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.