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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 ...
Only the nickel coins (10, 20, and 50 francs) were the same size, composition, and obverse as the corresponding French Polynesian and New Caledonian coins. The overall design has not changed since the introduction of the New Hebrides franc coins. The only notable change is the addition of "I.E.O.M" (Institut d'émission d'Outre-Mer) in 1973.
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 ...
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 ...
The new franc of 1960 renewed honor to Dupré by the striking of silver commemorative coins of 10 francs (1965–1973) and 50 francs (1974–1977). In 1996 the Fifth Republic also honored him by issuing a 5 franc commemorative coin.