French Franc - F

Definition of 'French Franc - F'


A currency used in France, prior to the introduction of the euro. The French franc, whose symbol was "F" or "FF," was the national currency until the euro was introduced for accounting purposes in 1999, and as coins and banknotes in 2002. The French franc was also used in Andorra, which had no national currency of its own, with legal tender. Coins worth one livre tournois between 1360 and 1641 were called francs; the name became common terminology for coins of this value. Other countries that used the franc include French Polynesia, Monaco, Saar and Saarland.

Investopedia explains 'French Franc - F'


The French franc was divided into subunits called centimes. Coins were available in 5, 1, and 20 centimes; 0.5, 1, 2, 5, 10 and 20 francs. Banknotes were available in denominations of 20, 50, 100, 200 and 500 francs.

The franc was established in 1360 by King John II. The name stems from the inscription "Johannes Dei Gratia Francorum Rex," which translates to "John by the grace of God King of the Franks." In 1795, the decimal franc was established as the national currency, where 1 franc was equal to 10 decimes, which were equal to 100 centimes of 4.5 grams of silver.

The new franc was introduced in 1960, which was worth 100 of the old francs. Holders of franc coins could exchange them for euros at the Banque de France until February 2005; banknotes can be exchanged until February 2012.



comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out. So when examining a specific market, if all other markets are in equilibrium, Walras' Law asserts that the examined market is also in equilibrium.
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following:
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold - both at the same time. The higher the debit spread, the greater the initial cash outflow the investor will incur on the transaction.
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious debt when government leaders use borrowed funds in ways that don't benefit or even oppress citizens. Some legal scholars argue that successor governments should not be held accountable for odious debt incurred by earlier regimes, but there is no consensus on how odious debt should actually be treated.
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the acquiring company will make an offer for the outstanding shares.
Trading Center