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.
