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In January 1960 the French franc was revalued, with 100 existing francs making one nouveau franc. [16] The abbreviation "NF" was used on the 1958 design banknotes until 1963. Old one- and two-franc coins continued to circulate as new centimes (no new centimes were minted for the first two years). The one-centime coin never circulated widely.
In 1960, Saint Pierre and Miquelon adopted the new franc, with 50 old francs = 1 new franc. Local banknotes were used until 1965, when the islands began using French currency along with Canadian currency. The islands continue to use both French and Canadian currencies, with the euro replacing the franc in 2002.
The French franc circulated on Réunion alone (except for a single coin issue) until 1874, when distinct issues of currency commenced. Initially, notes of the Banque de la Réunion and the Colonial Treasury circulated alongside French currency. In 1896, coins were issued, followed by bank tokens in 1920.
By the end of the 18th century, the term “franc” was reintroduced and a new law defined the composition of coins. Under that law, the franc coin would contain 4.5 grams of silver and 0.5 of ...
Coin collectors, or numismatists, know the value of many coins and understand that the better shape a coin is in, the higher resale value it will have. ... 5 Coins From the 1960s That Are Worth a ...
The franc was introduced following France's recovery of the Islands from the U.K. in 1816. It replaced the livre.The French franc circulated, alongside banknotes issued specifically for French Guiana between 1848 and 1961 and notes issued for Guadeloupe, French Guiana and Martinique (collectively referred to as the French Antilles) between 1961 and 1975.
The franc is any of various units of currency.One franc is typically divided into 100 centimes.The name is said to derive from the Latin inscription francorum rex (King of the Franks) used on early French coins and until the 18th century, or from the French franc, meaning "frank" (and "free" in certain contexts, such as coup franc, "free kick").
In 1946, cupronickel 10 francs were introduced, followed by 20 francs in 1947, a coin to which there was no corresponding French coin. In 1950, aluminium-bronze 10, 20 and 50 francs and cupro-nickel 100 francs were issued, with the size of the 100 francs reduced to match the French coin in 1956. When the franc was revalued in 1960, Monaco ...