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Initially, notes of the Banque de la Réunion and the Colonial Treasury circulated alongside French currency. In 1896, coins were issued, followed by bank tokens in 1920. In 1945, the CFA franc was created and was adopted in Réunion, with distinct coins introduced in 1948.
Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. [4] The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries ...
Réunion (/ r iː ˈ juː n j ə n /; French: [la ʁe.ynjɔ̃] ⓘ; Reunionese Creole: La Rényon; known as Île Bourbon before 1848) is an island in the Indian Ocean that is an overseas department and region of France.
Banknote of the Banque de la Réunion, 1943. The Banque de la Réunion was a bank of issue on the island of Réunion, France.It was established in 1853, [1] lost its monetary role in 1944, and in 2015 became a fully-owned subsidiary of Caisse d'Épargne Provence Alpes Corse (CEPAC).
If you travel to France these days, you’ll be dealing in European currency rather than French currency. That’s been the case since 2000, when the country adopted the euro as its official currency.
The livre was the currency of various French colonies until the early 19th century. It was subdivided into 20 sous, each of 12 deniers.It was mostly issued in paper money form and was generally linked to the French livre at the rate of 1 + 1 ⁄ 2 colonial livres = 1 French livre.
Between 1798 and 1799, the revolutionary French forces established the Roman Republic, which also issued assignats (Italian: assegnati). They were issued by the law of 23 Fructidor VI (14 Sept 1798). The currency used was paolo or giulio, the older currency of the Papal States. Roman Republic also issued coins denominated in baiocco and scudo.
In 1945, Saint Pierre and Miquelon adopted a franc tied to the CFA franc, thus avoiding some of the devaluation imposed on the metropolitan currency (c.f. Réunion franc). Coins were issued for the islands in 1948. In 1960, Saint Pierre and Miquelon adopted the new franc, with 50 old francs = 1 new franc.