Luxembourg Franc


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Related to Luxembourg Franc: Belgian franc

Luxembourg Franc

The former currency of Luxeumbourg. It was introduced in 1854 and remained in circulation until 2002, except for the period of German occupation during World War II. It was pegged to the Belgian franc at par for much of its history. It was replaced by the euro. See also: Belgium-Luxembourg Economic Union.
References in periodicals archive ?
The international competitive position is expected to remain weak, given the strong recovery of the Belgian and Luxembourg franc and the rigid wage formation process.
Under its Amsterdam Special Action Programme (ASAP) set up last year to bolster growth and employment in Europe, the EIB is making available to Soci t Nationale du Cr dit l'Industrie (SNCI) 350 million Luxembourg Francs for on-lending in the form of subordinated loans to innovative SMEs to boost their capital base.