The franc finally became the national currency from 1795 until 1999 (franc coins and notes were legal tender until 2002).
Following independence from the Kingdom of the Netherlands, the new Kingdom of Belgium in 1832 adopted its own Belgian franc, equivalent to the French one, followed by Luxembourg adopting the Luxembourgish franc in 1848 and Switzerland in 1850.
Following independence from the Kingdom of the Netherlands, the new Kingdom of Belgium in 1832 adopted its own Belgian franc, equivalent to the French one, followed by Luxembourg adopting the Luxembourgish franc in 1848 and Switzerland in 1850.
Following independence from the Kingdom of the Netherlands, the new Kingdom of Belgium in 1832 adopted its own Belgian franc, equivalent to the French one, followed by Luxembourg adopting the Luxembourgish franc in 1848 and Switzerland in 1850.
Newly unified Italy adopted the lira on a similar basis in 1862. In 1865, France, Belgium, Switzerland and Italy created the Latin Monetary Union (to be joined by Spain and Greece in 1868): each would possess a national currency unit (franc, lira, peseta, drachma) worth 4.5 g of silver or of gold (fine), all freely exchangeable at a rate of 1:1.
Newly unified Italy adopted the lira on a similar basis in 1862. In 1865, France, Belgium, Switzerland and Italy created the Latin Monetary Union (to be joined by Spain and Greece in 1868): each would possess a national currency unit (franc, lira, peseta, drachma) worth 4.5 g of silver or of gold (fine), all freely exchangeable at a rate of 1:1.
Newly unified Italy adopted the lira on a similar basis in 1862. In 1865, France, Belgium, Switzerland and Italy created the Latin Monetary Union (to be joined by Spain and Greece in 1868): each would possess a national currency unit (franc, lira, peseta, drachma) worth 4.5 g of silver or of gold (fine), all freely exchangeable at a rate of 1:1.
In the 1870s the gold value was made the fixed standard, a situation which was to continue until 1914. In 1926 Belgium as well as France experienced depreciation and an abrupt collapse of confidence, leading to the introduction of a new gold currency for international transactions, the belga of 5 francs, and the country's withdrawal from the monetary union, which ceased to exist at the end of the year.
In the 1870s the gold value was made the fixed standard, a situation which was to continue until 1914. In 1926 Belgium as well as France experienced depreciation and an abrupt collapse of confidence, leading to the introduction of a new gold currency for international transactions, the belga of 5 francs, and the country's withdrawal from the monetary union, which ceased to exist at the end of the year.
The 1921 monetary union of Belgium and Luxembourg survived, however, forming the basis for full economic union in 1932. Like the French franc, the Belgo-Luxemburgish franc ceased to exist on 1 January 1999, when it became fixed at 1 EUR = 40.3399 BEF/LUF, thus a franc was worth €0.024789.
In the 1870s the gold value was made the fixed standard, a situation which was to continue until 1914. In 1926 Belgium as well as France experienced depreciation and an abrupt collapse of confidence, leading to the introduction of a new gold currency for international transactions, the belga of 5 francs, and the country's withdrawal from the monetary union, which ceased to exist at the end of the year.
The 1921 monetary union of Belgium and Luxembourg survived, however, forming the basis for full economic union in 1932. Like the French franc, the Belgo-Luxemburgish franc ceased to exist on 1 January 1999, when it became fixed at 1 EUR = 40.3399 BEF/LUF, thus a franc was worth €0.024789.
The denomination is abbreviated "Fr." on the coins which is the abbreviation in all four languages. ==Saar franc== The Saar franc, linked at par to the French franc, was introduced in the Saar Protectorate in 1948.
On 1 January 1957, the territory joined the Federal Republic of Germany, nevertheless, in its new member state of Saarland, the Saar franc continued to be the currency until 6 July 1959. The name of the Saar franc in German, the main official language in the Protectorate, was Franken.
On 1 January 1957, the territory joined the Federal Republic of Germany, nevertheless, in its new member state of Saarland, the Saar franc continued to be the currency until 6 July 1959. The name of the Saar franc in German, the main official language in the Protectorate, was Franken.
On 22 December 2019, it was announced that the CFA franc would be replaced in 2020 by an independent currency to be called Eco. A separate (franc CFP) circulates in France's Pacific territories, worth €0.0084 (formerly 0.055 French franc). ==Comorian franc== In 1981, The Comoros established an arrangement with the French government similar to that of the CFA franc.
In January 1994, the rate was changed to 75 Comorian francs to the French franc.
The French franc was the currency of France until the euro was adopted in 1999 (by law, 2002 de facto).
The franc finally became the national currency from 1795 until 1999 (franc coins and notes were legal tender until 2002).
Therefore, from January 1999, 1 CFA franc is equivalent to €0.00152449.
Since 1999, the currency has been pegged to the euro. ==Belgian franc and Luxembourgish franc== The conquest of most of western Europe by Revolutionary and Napoleonic France led to the franc's wide circulation.
The 1921 monetary union of Belgium and Luxembourg survived, however, forming the basis for full economic union in 1932. Like the French franc, the Belgo-Luxemburgish franc ceased to exist on 1 January 1999, when it became fixed at 1 EUR = 40.3399 BEF/LUF, thus a franc was worth €0.024789.
As mentioned before, in Luxembourg the franc was called Frang (plural Frangen). ==Swiss franc and Liechtenstein franc== The Swiss franc (ISO code: CHF or 756), which appreciated significantly against the new European currency from April to September 2000, remains one of the world's strongest currencies, worth today around five-sixths of a euro.
The French franc was the currency of France until the euro was adopted in 1999 (by law, 2002 de facto).
The franc finally became the national currency from 1795 until 1999 (franc coins and notes were legal tender until 2002).
Old franc coins and notes lost their legal tender status on 28 February 2002. 1 Luxembourgish franc was equal to 1 Belgian franc.
On 22 December 2019, it was announced that the CFA franc would be replaced in 2020 by an independent currency to be called Eco. A separate (franc CFP) circulates in France's Pacific territories, worth €0.0084 (formerly 0.055 French franc). ==Comorian franc== In 1981, The Comoros established an arrangement with the French government similar to that of the CFA franc.
On 22 December 2019, it was announced that the CFA franc would be replaced in 2020 by an independent currency to be called Eco. A separate (franc CFP) circulates in France's Pacific territories, worth €0.0084 (formerly 0.055 French franc). ==Comorian franc== In 1981, The Comoros established an arrangement with the French government similar to that of the CFA franc.
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