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 It was replaced by the euro in 1999 and was withdrawn from circulation in 2002.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 ?
The former Torbay MP's claim for 50,000 French francs against the internationally acclaimed Le Byblos hotel was also rejected.
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.
Paribas also arranged for the refinancing of an additional 100 million French francs (approximately $20 million) in subordinated debt provided by First Britannia, a European investment fund.
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.
7 billion French francs in 1998, the company relies on the expertise of its teams to provide a full range of services for its national and international customers.
The following table compares the principal consolidated figures, in millions of French francs except where indicated, for 1993 with those for 1992.
Preliminary consolidated sales for 1993 amounted to 63,037 million French francs, declining 3.
Groupe Forsym has more than 750 employees in 14 enterprises in France and abroad generating more than 400 million French Francs of which 2/3 is exported.
its French subsidiary, has consummated the sale of 100,000 shares of its common stock, at 70 French francs per share, in a private placement transaction to unaffiliated French institutional investors.
a French publisher of educational and entertainment software products, for 27 million French francs (equivalent to approximately U.
com made purchases of $3 million French Francs (approximately $550,000 USD) for 35% of the total dollar amount of the sale.