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In 1935, the Belgian franc was devalued by 28% to 150.632 mg fine gold per Belga and the link between the Luxembourg and Belgian francs was revised to 1 Luxembourg franc = 1.25 Belgian francs. [4] Following Belgium's occupation by Germany in May 1940, the franc was fixed at a value of 10 Reichspfennige, reduced to 8 Reichspfennige in July 1940.
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.
In Europe, the euro is used in 26 countries (including Kosovo), while the Swiss franc is used in two countries. All 23 other widely recognized states each have their own national currency. All 23 other widely recognized states each have their own national currency.
Belgian franc: BEF: 40.3399: 31 December 1998: 1 January 1999: Dutch guilder: NLG: ... AUD CAD CHF CNY GBP HKD JPY USD SEK PLN: From XE.com: AUD CAD CHF CNY GBP HKD ...
Like the French franc, the Belgian and Luxembourg francs ceased to exist on 1 January 1999, when they became fixed at 1 EUR = 40.3399 BEF/LUF, thus a Belgian or Luxembourg franc was worth €0.024789. Old franc coins and notes lost their legal tender status on 28 February 2002. One Luxembourg franc was equal to one Belgian franc.
It was established by a law of 5 May 1850 and has been the monetary authority for Belgium from then until 1998, issuing the Belgian franc (albeit with interruption during World War I and duplication during World War II, when two National Banks with diverging loyalties operated in parallel from Brussels and London between July 1941 and September ...
Belgium switched from the Belgian franc to the Euro as its currency after 1 January 2002. Belgian per capita GDP ranks among the world's highest. In 2008, the per capita income (PPP) was $37,500. The federal government has not managed to present balanced budgets in recent years and public debt remains high, at 99% of 2009 GDP.
To assist him, the UMHK gave Tshombe an advance of 1,250 million Belgian francs [6] (approximately 25 million US dollars in 1960 – $257,480,000 today). Tshombe's first act was to ask the Belgian Prime Minister, Gaston Eyskens, for help. [4]