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.

BREAKING DOWN '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.

  1. Currency

    Currency is a generally accepted form of money, including coins ...
  2. Exchange Rate

    The price of a nation’s currency in terms of another currency. ...
  3. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  4. Euro

    The official currency of the European Union's (EU) member states. ...
  5. European Union - EU

    A group of European countries that participates in the world ...
  6. Currency Union

    When two or more groups (usually countries) share a common currency ...
Related Articles
  1. Options & Futures

    A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  2. Forex Education

    5 Economic Reports That Affect The Euro

    There are hundreds of reports affecting the FX market. Find out which ones are the most relevant for traders.
  3. Economics

    Investing Opportunities as Central Banks Diverge

    After the Paris attacks investors are focusing on central bank policy and its potential for divergence: tightened by the Fed while the ECB pursues easing.
  4. Investing

    10 Cheap Vacations for the Ultimate Foodie

    If you are a foodie then explore one of these destinations in 2016.
  5. Economics

    Long-Term Investing Impact of the Paris Attacks

    We share some insights on how the recent terrorist attacks in Paris could impact the economy and markets going forward.
  6. Economics

    Understanding Donald Trump's Stance on China

    Find out why China bothers Donald Trump so much, and why the 2016 Republican presidential candidate argues for a return to protectionist trade policies.
  7. Forex Education

    Explaining Uncovered Interest Rate Parity

    Uncovered interest rate parity is when the difference in interest rates between two nations is equal to the expected change in exchange rates.
  8. Forex Education

    Top 6 Most Tradable Currency Pairs

    The most frequently traded currency pair is the euro/U.S. dollar. The euro is the base currency in the pairing, while the dollar is the quote currency.
  9. Economics

    What Countries Spend On Antiterrorism

    It would be an understatement to say that no country's anti-terrorism budget has decreased in the last two decades. Here are some hard numbers.
  10. Forex Fundamentals

    How to Buy Chinese Yuan

    Discover the different options that are available to investors who want to obtain exposure to the Chinese yuan, including ETFs and ETNs.
  1. When and why did the euro make its debut as a currency?

    On January 1, 1999, the European Union introduced its new currency, the euro. Originally, the euro was an overarching currency ... Read Full Answer >>
  2. Is France a developed country?

    Benefiting from one of the world’s largest economies, France is considered to be a developed country. As of 2015, France ... Read Full Answer >>
  3. Who decides when to print money in India?

    The Reserve Bank of India, or RBI, manages currency in India. The bank's additional responsibilities include regulating the ... Read Full Answer >>
  4. How is the value of a pip determined?

    A pip in foreign exchange trading is a measure of a price movement in a currency pair. "Pip" is an acronym for price interest ... Read Full Answer >>
  5. How is a block chain network useful for trading goods and assets in virtual currencies?

    Perhaps the most famous quote associated with blockchain technology came from an anonymous virtual currency user, who described ... Read Full Answer >>
  6. What types of companies benefit from reporting results utilizing constant currencies ...

    Any company that does a substantial amount of business in foreign countries, and is therefore subject to foreign currency ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Take A Bath

    A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative ...
  2. Black Friday

    1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold ...
  3. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  4. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
  5. Quick Ratio

    The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet ...
  6. Black Tuesday

    October 29, 1929, when the DJIA fell 12% - one of the largest one-day drops in stock market history. More than 16 million ...
Trading Center