But at the beginning of March, following the depreciation of the Spanish and Portuguese currencies within the European Exchange Rate Mechanism, the Belgian franc
came under some pressure vis-a-vis the Deutschemark, prompting the Belgian National Bank to raise interest rates and tighten liquidity conditions.
With downward pressure on the Belgian franc
disappearing, the National Bank repeatedly reduced its official interest rates in the first five months of 1994.
The effective exchange rate of the Belgian franc
has returned to the levels prevailing in mid-1992, thus erasing some of the previous losses in international competitiveness.
As a result of the recent depreciation of the Belgian franc
in effective terms, the contribution to growth of net exports is likely to become neutral in 1991 and moderately positive in 1992; the BLEU current-account surplus could thus widen further.
This was the decisive motivation to recommend a screenplay writing grant of 150,000 Belgian francs
, which Minister of Culture Frans van Mechelen (CVP) approved.
Working without the knowledge and approval of his government, Leopold II set aside 150 million Belgian francs
(that was not even enough to cover the operational expenses of the Philippines for a year), and attempted to fill in the balance with loans from English banks.
Until his death he kept the French and Belgian francs
, which were given to him at the time, to spend while making his way through occupied Europe.
In 2009 he made an emotional visit back to the beaches 65 years after the Allied onslaught and until his death kept the French and Belgian francs
which were given to him at the time to spend while making his way through occupied Europe.
Dedee fled to Paris where she took over the office operated by her father, Frederic de Jongh, who then took over the Brussels branch, but soon had a price of five million Belgian francs
on his head
Antwerp this meant a four thousand million Belgian francs
loss in transfer fees for this Belgian club.
Home Dynamix buys machine-made rugs from Belgium in Belgian francs
. If the tables don't turn soon, Gitelman said Home Dynamix may have to increase prices, "but I'm hoping it's not going to stay like that."
"I only have Belgian francs
, " she said as journalists reached for the nearest napkin on which to write down the surprise admission.