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 It was replaced by the euro in 1999 and was withdrawn from circulation in 2002.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 ?
In December, the French franc stabilized around 25 francs per dollar--an 80 percent devaluation from the 1914 parity.
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.
We want to replace the pounds 100 so that she can use that to buy the French francs.
It contained about pounds 100 in French francs ready for the woman's pilgrimage to Lourdes.
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.
In yesterday's preliminary prospectus for the flotation on June 22, the company announced a share price range of between 190 and 220 French Francs.
The European Commission decided on 21 June that state aid amounting to 100 million French Francs (Euro 15,244,902) implemented by France for restructuring the company Manufacture Correzienne de Vetements (MCV) is against EU rules on aid.
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).
The day I was arrested, it was worth more than 4,000 French francs ($824) per share.