Ads
related to: france livre currency today price
Search results
Results From The WOW.Com Content Network
The livre had also been used as the legal currency of the Channel Islands. The Jersey livre remained legal currency in Jersey until 1834 when dwindling supplies of no-longer minted coins obliged the adoption of the pound as legal tender. Today and after two centuries of using the franc, France uses the euro as its currency.
The franc (/ f r æ ŋ k /; French: franc français, [fʁɑ̃ fʁɑ̃sɛ]; sign: F or Fr), [n 2] also commonly distinguished as the French franc (FF), was a currency of France.Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money.
The livre was the currency of various French colonies until the early 19th century. It was subdivided into 20 sous , each of 12 deniers . It was mostly issued in paper money form and was generally linked to the French livre at the rate of 1 + 1 ⁄ 2 colonial livres = 1 French livre.
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 0.290 322 g of gold (fine), all freely exchangeable at a rate of 1:1. In the 1870s the gold value was made the fixed ...
In 1795, the livre was officially replaced by the franc and the sou became obsolete as an official currency division. Nevertheless, the term " sou " survived as a slang term for 1 ⁄ 20 of a franc. Thus, the large bronze 5-centime coin was called " sou " (for example in Balzac or Victor Hugo ), the " pièce de cent sous " ("hundred sous coin ...
By September 1790, the assignat had become a true circulating paper currency, and 800 million livres worth of non-interest bearing notes were added to the initial issue, in denominations of 50, 60 70, 80, 90, 100, 500, and 2000 livres with legal-tender status.