Francorum Rex means King of the Franks. It is thought that the Frank expression originated from here. Frank is the name given to money cut from silver, especially in France and surrounding countries since the 1700s. In 1795, 1 Frank was divided into 100 equal parts in France and these equal parts were called “centimes”. 1 franc = 100 centimes accepted. Frank has been used as currency for centuries and continues to be used. The most famous franc type is the French franc. Information about ” Is French Franc Used?” is rest of the article. You can browse here for information about Irish Currency .
Is French Franc Used? Information About the French Franc!
Countries that currently use francs as currency are as follows.
- Countries that currently use francs as currency are as follows:
- Djibouti (Djiboutian franc)
- Democratic Republic of Congo (Congo franc)
- Equatorial Guinea, Benin, Burkina Faso, Ivory Coast, Gabon, Guinea Bissau, Cameroon, Congo, Mali, Niger, Senegal, Togo, Chad, Central African Republic (CFA franc)
- French Polynesia, New Caledonia, Wallis and Futuna (CFP franc)
- Guinea (Guinean franc)
- Switzerland (Swiss franc)
- Comoros (Comorian franc)
- Rwanda (Rwandan franc)
After the European Union decided to use the Euro as the common currency, France removed the French franc from circulation. The French franc was withdrawn from circulation on 17 February 2002. After the French franc was withdrawn from circulation, it could be replaced by the Euro from the French Central Bank for 10 years. There is no financial equivalent for the currently available French Francs.
The countries that used Franks before switching to the euro were as follows; France (French franc), Belgium (Belgian franc), Luxembourg (Luxembourg franc).
What Are French Franc Banknotes and Coins?
In French Franc banknotes before the abolition of the French Franc; 5 Francs, 10 Francs, 20 Francs, 50 Francs, 100 Francs, 200 Francs and 500 Francs were in circulation. Before Frank is removed; there were coins of half a cent, 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents and 1 franc.
For details: https://en.wikipedia.org/wiki/French_franc