Franc France (euro)
- Monetary unit:
- the Country code:
- France, Republic
- of 547 030 sq. km
- the French (state)
- FR (FRA) 250
France is an exhibiting country the European Union . Monetary unit - euro - to equal 100 eurocents.
Till January, 1st, 2002 francs - equal 100 centimes were cash token moneys of France. A nominal number of the native currency of France has been presented by notes of denomination of 20, 50, 100, 200, 500 francs.
The Franc France is entered into the circulation in 1799 instead of a livre divided into 20 sou and 240 deniers. Since 1803 in France there was a bimetallic monetary system at a gold content of franc of pure gold of 0,290323 g and silver - 4,5 g of a fine silver.
With 1865 on 1926 France headed the Latin monetary union - the convention concluded between France, Belgium, Italy, Switzerland and Greece by which functioning of a uniform monetary system in these countries on the basis of bimetallism proceeding from an official parity existing in France between gold and silver was provided. Monetary units of the countries entering into this union, had the identical metal contents - 0,290323 g of pure gold and 4,5 g of a fine silver, gold and silver coins of all exhibiting countries of the union could address as a lawful legal tender to any of these countries.
In the First World War and especially in post-war years there was a sharp depreciation of franc France - almost on 90 %. On the basis of the law from June, 5th, 1928 its gold content has been reduced with 0,290323 to 0,05895 g of pure gold.
Since 1933 France headed the so-called Gold block into which besides France entered Belgium, the Netherlands, Switzerland, Italy and Poland, obliged to render mutual aid for gold standard preservation in these countries. Under the influence of exchange crisis the Gold block began to break up and has been liquidated in 1936
After capitulation of France on May, 17th, 1940 on an occupied territory tickets in occupational marks began to address. The parity of occupational mark with franc France has been positioned by the occupational authorities at the underestimated level. After clearing of France the exchange of all addressing token moneys in nominal value from 50 francs on a parity 1: 1 without sum restriction from June, 4 till June, 15th, 1945 was carried out.
After the termination of the USA of exchange of dollars on gold the double currency market has been entered into France since August, 23rd, 1971. The double currency market was saved till March, 20th, 1974 Since April, 24th 1972 till January, 19th, 1974 and since July, 10th 1975 till March, 15th, 1976 France participated in system of the narrowed limits of deviations of the mutual rates of exchange of member countries of "Common market". Since March, 13th, 1979 France is included into the European currency system.
On face sides last before replacement by euro of a series of notes outstanding people of France, such as are represented: 20 francs - Claude Debussy (1862-1918), the French composer and the musical critic; 50 francs - Antoine de Sent-Ekzjuperi (1900-1944), the French writer, the poet, the pilot; 100 francs - Pol Cezanne (1839-1906), the French artist, the postimpressionist.
200 francs - Gjustav Ejfel (1832-1923), the French engineer, the author of a tower in Paris, after named in its honour; 500 francs - Pierre (1859-1906) and Maria (1867-1934) Kjuri, the husband and the wife, the scientific physicists, the first researchers of a radio-activity.
It is updated 05.2012