Search results
Results from the WOW.Com Content Network
The "flag ticket" franc (French: Billet drapeau) was a currency issued by the United States for use in Allied-occupied France in the wake of the Battle of Normandy.With the swift take-over of sovereignty by General Charles de Gaulle, who considered the US occupation franc as "counterfeit money", the currency rapidly faded out of use in favour of the pre-war French franc.
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 Plaza Accord was a joint agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets.
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").
About one who is always short of money or always asking for some, one says that « Il lui manque toujours 3 sous pour faire un franc » ("he always lacks 3 sous to make up to one franc"). Sometimes it is said "missing 19 sous to have one franc", with one franc worth 20 sous; U.S. version: "he always needs a penny to have a round dollar".
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.
The gold franc was used in the Anglo-French Condominium of the New Hebrides (now Vanuatu) as the currency in which the joint administration's postal service denominated its stamps, a natural choice as the Universal Postal Union Treaty (beginning in 1874 when the first treaty was agreed and reaffirmed at subsequent Congresses until at least that of 1939—see the various "Actes du Congress [4 ...
The CFP franc was created in December 1945, together with the CFA franc, used in Africa, because of the weakness of the French franc immediately after the Second World War. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies ...