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In January 1960 the French franc was revalued, with 100 existing francs making one nouveau franc. [16] The abbreviation "NF" was used on the 1958 design banknotes until 1963. Old one- and two-franc coins continued to circulate as new centimes (no new centimes were minted for the first two years). The one-centime coin never circulated widely.
Under that law, the franc coin would contain 4.5 grams of silver and 0.5 of alloy metal, for a total weight of five grams. ... many French coins prized by dealers and collectors date to 1800 or ...
In 1946, cupronickel 10 francs were introduced, followed by 20 francs in 1947, a coin to which there was no corresponding French coin. In 1950, aluminium-bronze 10, 20 and 50 francs and cupro-nickel 100 francs were issued, with the size of the 100 francs reduced to match the French coin in 1956. When the franc was revalued in 1960, Monaco ...
In 1960, Saint Pierre and Miquelon adopted the new franc, with 50 old francs = 1 new franc. Local banknotes were used until 1965, when the islands began using French currency along with Canadian currency. The islands continue to use both French and Canadian currencies, with the euro replacing the franc in 2002.
1 January 1960 to 31 December 1998 – Fixed exchange rate with the French franc at F.CFP 1 = NF 0.055 or NF 1 ≈ F.CFP 18.182 (1 January 1960: 100 'old' French francs became 1 'new' franc) 1 January 1999 onward – Fixed exchange rate with the euro at F.CFP 1,000 = €8.38 or €1 ≈ F.CFP 119.332 (1 January 1999: euro replaced FRF at the ...
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 franc was the currency of Réunion until 1999. Before 1975, Réunion had its own franc, distinct from that of France. After 1975, [1] the French franc circulated. Réunion now uses the euro. The Réunion franc was subdivided into 100 centimes.
Silver coins: 20 francs coins in silver were issued yearly beginning in 1992, with several designs per year issued from 1996 onward. [20] Gold coins: In 1991, a commemorative gold coin with nominal value of 250 francs was issued on the occasion of the 700 years anniversary of the foundation of the Old Swiss Confederacy. During 1998–2000 ...
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