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The franc ( / fræŋk /; 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. It was reintroduced (in ...
t. e. The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence.
French livre. French 1793 24₶. gold coin of 7.64 grams. The livre (abbreviation: £ or ₶., [ 1] French for libra (pound)) was the currency of Kingdom of France and its predecessor states of Francia and West Francia from 781 to 1794. Several different livres existed, some concurrently.
The Baron de Mackau of France presenting demands to Jean-Pierre Boyer, President of Haiti, in 1825. The Haiti Independence Debt involves an 1825 agreement between Haiti and France that included France demanding an indemnity of 150 million francs to be paid by Haiti in claims over property – including Haitian slaves – that was lost through the Haitian Revolution in return for diplomatic ...
The American Revolutionary War inflicted great financial costs on all of the combatants, including the United States, France, Spain and the Kingdom of Great Britain. France and Great Britain spent 1.3 billion livres and 250 million pounds, respectively. The United States spent $400 million in wages for its troops.
In the first half of the 20th century, multiple currencies did share the status as primary reserve currencies. Although the British Sterling was the largest currency, both the French franc and the German mark shared large portions of the market until the First World War, after which the mark was replaced by the dollar.
The CFA franc was created with a fixed exchange rate versus the French franc. This exchange rate was changed only twice, in 1948 and in 1994 (besides nominal adaptation to the new French franc in 1960 and the Euro in 1999). Exchange rate: 26 December 1945 to 16 October 1948 – F.CFA 1 = 1.70 French franc.
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 ...
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