French Franc


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French Franc

The former currency of France. It traces its origins to the currency issued by King John the Good in 1360. The franc became the national currency following the French Revolution. It was initially pegged to silver, but wars of the 18th century led to the issue of paper currency, which caused inflation. In 1803, it was repegged to gold and silver. The franc was abandoned when France was part of the Latin Monetary Union but was readopted during World War I. Following World War II, the franc joined the Bretton Woods System and floated after that system's collapse. It was replaced by the euro in 1999 and was withdrawn from circulation in 2002.
References in periodicals archive ?
exchange reserves only suppressed, and did not solve, the major problem of the restoration years, that is, a strong French franc and a weak British pound.
First, the external competitiveness of the zone weakened as a result of the marked nominal appreciation of the French franc against the currencies of member-states' main trading partners and also as a result of a lack of an appropriate policy response by African Franc Zone members to this appreciation.
with the reception our bond issue received in the French Franc Eurobond
XL Capital has contributed cash of 600 million French francs (US$ 97.
It contained about pounds 100 in French francs ready for the woman's pilgrimage to Lourdes.
PARIS, May 7 /PRNewswire/ -- Revenue for Compagnie Generale de Geophysique (NYSE: GGY) for the first quarter of 1999 totalled 883 million French Francs, down 12.
Previously when I have had liabilities in the French francs, I was obliged to have assets in French francs.
Flagging sales in Asia, where LVMH generates roughly half its revenue, have pushed its share price down to about 950 French francs, or $158, from 1,600 last year.
5m French francs in damages for "material and moral prejudice" caused by the article.
NYSE: RP) announced today that the shares of Rhodia, its specialty chemical subsidiary, being offered in Rhodia's initial public offering, will be sold at a price of 140 French Francs per share ($23.
Sterling - at its highest level for almost a decade - buys 16 per cent more Irish punts, 12 per cent more Spanish pesetas and 11 per cent more French francs.
Many of the hotel's regular American, European and Asian visitors have been told there are no rooms available, despite prices as high as 8,000 French francs ($3,150) a night (it's more if you want a TV).