Search results
Results from the WOW.Com Content Network
French franc coins (1960–1999) A nickel 10-franc piece was issued on 22 October 1986, in an attempt to increase usability, reduce counterfeiting, and make it easier for vending machines to recognise. While 120 million were released into circulation, circulation was halted on 26 November due to confusion with the half-franc and an unpopular ...
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.
By the end of the 18th century, the term “franc” was reintroduced and a new law defined the composition of coins. Under that law, the franc coin would contain 4.5 grams of silver and 0.5 of ...
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 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 ...
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 ...
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.
The Moroccan franc was equal in value to the French franc. When Spanish Morocco was united with the rest of Morocco, the franc replaced the Spanish peseta at a rate of 1 peseta = 10 francs. In 1960, the dirham was introduced. It was subdivided into 100 francs. The franc was replaced as the subdivision of the dirham by the centime in 1974.