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 It was replaced by the euro in 1999 and was withdrawn from circulation in 2002.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 ?
If a forward contract is not purchased, the importer is, in effect, speculating that the price of the French francs will be lower when the invoice is due.
5m French francs, claiming the article had damaged her career.
French media equipment firm Sagem has won orders for more than 500,000 digital decoders from German pay-TV company Premiere World, worth more than one billion French Francs (Euro 150 million).
It currently generates turnover of approximately 240 million French francs (70 billion Italian lira).
Although no financial details were revealed by Alstom, shipping circles say it is worth around ten billion French Francs.
Magex maximizes the full potential of the international digital download market by processing purchases of digital goods in US Dollars, Pounds Sterling, Canadian Dollars, Japanese Yen, French Francs, German Marks and the Euro, as well as plans for translated software and an international help desk.
In addition to Japanese Yen, Magex can process the purchase of digital goods in Canadian Dollars, the Euro, French Francs, and German Marks.
1999 turnover of around 450 million French Francs (Euro 70 million) compared with 412.
This latest development enables businesses to maximize the full potential of the international digital download market by processing purchases of digital goods in US Dollars, Canadian Dollars, Japanese Yen, British Pounds, French Francs, German Marks and the Euro.
In 1999, Easynet had a consolidated turnover of 295 million French francs, and in 1997 became the first European group to obtain a PTO (Public Telephony Operator) licence.
2 billion French Francs (Euro 793 million) SNPE group employs 5,200 people in diverse fields such as gas generators for airbags, nail varnish or propulsion systems for nuclear missiles.
The planned invitation will cover Mexico's fixed-rate Brady Bond (also known as Par Bonds) denominated in Deutsche Marks, Dutch Guilders, French Francs and Italian Lire.