Former french currency
From cfa franc to eco: the end of an era? [business africa
The franc (/frk/; French: [f]; sign: F or Fr),[n 2] sometimes referred to as the French franc (FF), was a French currency. It was the name of coins worth one livre tournois between 1360 and 1641, and it remained in popular use as a term for this sum of money. In 1795, it was reintroduced (in decimal form). It was revalued in 1960, after two centuries of inflation, with each new franc (NF) being worth 100 old francs. The NF designation was kept for a few years until the currency was renamed simply the franc; before the euro (for coins and banknotes) was introduced in 2002, some mainly older French citizens continued to refer to and value things in terms of the old franc (equivalent to the modern centime). In the 19th and 20th centuries, the French franc was a widely kept international reserve currency of reference.
When Henry III attempted to stabilize the French currency in 1577, he took advantage of the franc’s reputation as sound money worth one livre tournois. Inflows of gold and silver from Spanish America had sparked global inflation by this time, and the kings of France, who didn’t get much of it, only made matters worse by manipulating the values given to their coins. The States General of Blois, which met in 1577, contributed to popular pressure to end currency manipulation. Henry III agreed to do so, and the franc was resurrected as a silver coin worth one livre tournois. This coin and its fractions were in circulation until 1641, when it was replaced by the silver écu by Louis XIII of France. Nonetheless, the word “franc” was used as a synonym for the livre tournois in accounting. [nine]
Coin collection | france | 6 rare coins (francs / centimes
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From 781 to 1794, the livre (French for “pound”) served as the currency of the Kingdom of France and its predecessor state of West Francia. There were several different books, some of which were published at the same time. The livre was the name given to both accounting units and coins.
Charlemagne coined the livre as a unit of account equal to one pound of silver. It was divided into 20 sous (also known as sols) with 12 deniers each. The word livre is derived from the Latin word libra, which refers to a Roman weight unit, and the word denier is derived from the Roman denarius. Many European currencies, including the British pound, Italian lira, Spanish dinero, and Portuguese dinheiro, were based on this scheme and the denier.
The 10 most expensive old french coins
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France’s previous currency (5)
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Old france coins value and price | most valuable france
You’re reading The Three Musketeers, and you hear that d’Artagnan only had fifteen “écu” in his wallet when he arrived in Paris, and that three of them are obviously worth nine “livre.” He is later rewarded with 40 entire “pistoles.” Is that a significant sum of money? In a pistole, how many écus are there? Then, when you put down the Three Musketeers and turn on your Les Misérables DVD, there isn’t a single écu to be found, and it’s all about “Francs” and “sou.” When you look these up on a modern currency exchange, you’ll notice that the only “Franc” left is used solely by Switzerland, while France only uses the Euro. So, what’s next?
Unlike the British and the Americans, the French did not have a single currency system in their history. Not only did the purchasing power of these old currencies fluctuate over time, but they also fluctuated in relative value depending on which century you were in.
The livre was the first monetary unit in France, introduced in 781 A.D. by King Charles the Great (Charlemagne). It was worth the same as one troy pound of silver. It was divided into 20 solidi (later dubbed “sol” or “sou”), with each solidi subdivided into 12 denarii (deniers).