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A first attempt to introduce a nickel 2-franc coin in 1960 failed. [citation needed] Nickel-clad copper-nickel 5-franc and nickel-brass 10-franc coins replaced their silver counterparts in 1970 and 1974, respectively. Nickel 2 francs were finally introduced in 1979, followed by bimetallic 10 francs in 1988 and trimetallic 20 francs in 1992.
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. [3] Today, Monégasque coins have only numismatic value, including the fleurs de ...
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. The first 1-franc coin was minted in 1795.
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").
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.
The last 5-centime coin, a remote souvenir inherited from the "franc germinal", was removed from circulation in the 1940s, but the word "sou" keeps being used (except for the 1960 new franc's five-centime coin which was worth five old francs).
The new franc of 1960 renewed honor to Dupré by the striking of silver commemorative coins of 10 francs (1965–1973) and 50 francs (1974–1977). In 1996 the Fifth Republic also honored him by issuing a 5 franc commemorative coin.
Although Réunion's paper money was stamped with the equivalent value in new francs from 1960, the new franc did not replace the Réunion franc until 1975, [2] when French currency replaced Réunion's at a rate of 1 French (new) franc = 50 Réunion (CFA) francs.
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