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French franc

cashbackforexprofitcalculator cashbackforexpipcalculator (FrenchFranc, orig cashback forexal symbol: F.F.; Fr.Fc.; F.FR., st cashback forex calculator Onlineard symbol: FRF) French franc is named after freedom The birth of French franc has a historical background. After four years of captivity in London, Jean II finally paid the ransom and was able to return to France. On December 5, 1360, after his release, King Jean II signed a royal decree and decided to mint a coin containing 3.87 grams of pure cashbackforexcalculatorOnline to commemorate this historic event. The coins obverse shows the heroic image of Jean II on his war horse, wearing armor and holding a sword, meaning that the king was free and returned to France.  Although the franc has a long history, it has had a bumpy road Jean II created the franc, but failed to establish it as the official currency from then on. After he returned to his country, he ordered his head to be minted on the French currency. In 1789, the French Revolution broke out and the franc reappeared after more than 300 years of silence. In addition, a Napoleonic gold coin containing 6.45 grams of gold and worth 20 francs was minted. In 1803, Napoleon issued a decree to establish the franc as the national currency. Napoleon III even proposed the idea of establishing a world monetary union with the franc as a reference in 1867. The franc was initially a gold and silver compound currency. The member countries committed to mint only gold coins of 100 francs, 50 francs, 20 francs, 10 francs and 5 francs, and silver coins of 5, 2, 1 franc and 50, 20 sesterces, the $5 eagle emblem gold coin issued by the United States after the Civil War, and the British Shafran gold coin (Sovereign). As the value of gold and silver continued to fluctuate in the late 19th century, leading to the collapse of the gold and silver compound standard system, in France, the gold and silver ratio changed from 1:15 between 1807 and 1870 to 1:15 in 1874. In France, the gold-silver ratio changed from 1:15 in 1807 to 1870 to 1:16.17 in 1874, a large amount of gold outflow, France had to implement the gold standard system in 1876, abolished the circulation of 5 francs of silver coins, and stipulated that the franc contains 0.2903225 grams of gold After the First World War, France adopted the policy of paper currency inflation, the franc depreciated, and by 1922, its purchasing power had fallen to 43% of 1915, and the ratio with the British pound In 1928, France enacted a new currency law, which stipulated that the franc contained 0.065 grams of gold, equivalent to only 1/5 of the pre-World War I value of the franc was difficult to compete with the U.S. dollar. After the Second World War, France experienced hyperinflation again, and the ratio with the British pound fell to nearly 1:100. In 1960, the New Franc (NouveauFranc) was issued, and its value was determined to be 100 times that of the Old Franc, equivalent to 0.1802 grams of gold. However, in the 1980s, the franc was in crisis again, and the ratio of the dollar to the franc fell to 1:10. The ups and downs of the franc made the French understand that it was difficult for France to counter the dollar by its own efforts, and that Europe must unite to be truly strong and to have a stable currency. Deadline for stopping circulation: 2002.02.17, for commercial banks: 2002.06.30, for central banks: 10 years for banknotes and 3 years for coins After the euro was issued on January 1, 2002, the franc has gradually stopped circulating. After 2005, the old banknotes of the Corneille series (5 and 100 francs) or the Berlioz series (10 francs) will no longer be exchangeable for euros. The French francs paper is extremely thin, only one-half of ordinary paper, with long fibers, high density, good stiffness, not easy to break, no linting and no flabbiness after a long time of use. In addition, the outer orbit of the banknote, the watermark window and some of the denomination figures are printed in pairs. The French franc has three groups of numbers, one is the serial number, which is usually composed of nine or ten Arabic numerals, and the other is the proofreading number, which is composed of five or six digits, and it is the same as the last few digits of the serial number and the check number, which is composed of a letter and two or three Arabic numerals. After 1993, the Bank of France has issued a new version of the 50 franc, 200 franc and 500 franc banknotes. The new version of the banknotes changed the previous printing style, the paper is not as thin as the original, increased the windowed security line portrait is no longer printed on the front and back, the face has been changed to a variety of patterns of complementary printing, the officials signature was changed to the back of the banknote canceled the original proof number to the number, the serial number was changed to a group of each front and back Denomination and conversion 1FRF=100centimes (centimes, cents) Coin unit is centimes (centimes) Coin rounding: 1 franc = 100 centimes (CENTIMES) Circulating banknote denominations are 20, 50, 100, 200, 500 francs; coin denominations are 5, 10, 20 centimes and 1/2, 1, 2, 5, 10 francs French farewell 600-year-old franc The French franc officially retired from the stage of history on February 17, 2002, and on July 1, 2002, the French franc completed its historical mission and withdrew from circulation In the early hours of February 18, 2002, local time, the French franc officially ceased to circulate after entering midnight, from then on, the French people said goodbye to the French currency franc, which had been in circulation for about 600 years And for the French politicians, the dynasty and the field are After France became the third European country to use the euro as its only currency, the French Ministry of Finance conducted a low-key ceremony to mark the end of the franc, with all 12 countries in the eurozone starting to use the euro on January 1, 2002, with the Netherlands and Ireland stopping using their respective traditional currencies before France. The remaining nine countries stopped using their traditional currencies on February 28, 2002 

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