French franc in the context of "Centime"

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⭐ Core Definition: French franc

The franc (/fræŋk/; French: franc français, [fʁɑ̃ fʁɑ̃sɛ]; sign: F or Fr), 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 decimal form) in 1795. After two centuries of inflation, it was redenominated in 1960, with each new franc (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 francs to 1 euro.

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French franc in the context of 1924 Summer Olympics

The 1924 Summer Olympics (French: Jeux olympiques d'été de 1924), officially the Games of the VIII Olympiad (French: Jeux de la VIII olympiade) and officially branded as Paris 1924, were an international multi-sport event held in Paris, France. The opening ceremony was held on 5 July, but some competitions had already started on 4 May. The Games were the second to be hosted by Paris (after 1900), making it the first city to host the Olympics twice.

The selection process for the 1924 Summer Olympics consisted of six bids, and Paris was selected ahead of Amsterdam, Barcelona, Los Angeles, Prague, and Rome. The selection was made at the 20th IOC Session in Lausanne in 1921. The cost of these Games was estimated to be 10,000,000 F (equivalent to 10.1 million in 2022). With total receipts at 5,496,610 F (equivalent to 5.53 million in 2022), the Olympics resulted in a hefty loss despite daily crowds of up to 60,000. The United States won the most gold and overall medals, having 229 athletes competing compared to France's 401.

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French franc in the context of Marianne

Marianne (French pronunciation: [maʁjan]) has been the national personification of the French Republic since the French Revolution, as an emblem of liberty, equality, fraternity and reason, as well as a portrayal of the Goddess of Liberty.

Marianne is displayed in many places in France and holds a place of honour in town halls and law courts. She is depicted in the Triumph of the Republic, a bronze sculpture overlooking the Place de la Nation in Paris, as well as represented with another Parisian statue on the Place de la République. Her profile stands out on the official government logo of the country, and appears on French euro coins and on French postage stamps. She was also featured on the former franc currency and is officially used on most government documents.

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French franc in the context of John II of France

John II (French: Jean II; 26 April 1319 – 8 April 1364), called John the Good (French: Jean le Bon), was King of France from 1350 until his death in 1364. When he came to power, France faced several disasters: the Black Death, which killed between a third and a half of its population; popular revolts known as Jacqueries; free companies (Grandes Compagnies) of routiers who plundered the country; and English aggression that resulted in catastrophic military losses, including the Battle of Poitiers of 1356, in which John was captured.

While John was a prisoner in London, his son Charles became regent and faced several rebellions, which he overcame. To liberate his father, he concluded the Treaty of Brétigny (1360), by which France lost many territories and paid an enormous ransom. In an exchange of hostages, which included his son Louis I, Duke of Anjou, John was released from captivity to raise funds for his ransom. Upon his return to France, he created the franc to stabilise the currency and tried to get rid of the free companies by sending them to a crusade, but Pope Innocent VI died shortly before their meeting in Avignon. When John was informed that Louis had escaped from captivity, he voluntarily returned to England, where he died in 1364. He was succeeded by his eldest son, Charles V.

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French franc in the context of Haiti Independence Debt

The Haitian independence debt (French: Dette d'Indépendance Haïtienne) involves an 1825 agreement between Haiti and France that included France demanding an indemnity of 150 million francs in five annual payments of 30 million to be paid by Haiti in claims over property, not including Haitian slaves, that was lost through the Haitian Revolution in return for diplomatic recognition. Haiti was forced to take a loan for the first 30 million, and in 1838 France agreed to reduce the remaining debt to 60 million to be paid over 30 years, with the final payment paid in 1883. However, according to a 2022 The New York Times analysis, because of other loans taken to pay off this loan, the final payment to debtors was actually made in 1947. They approximated that 112 million francs was actually paid in indemnity, which is equivalent to $560 million in 2022 after adjusting for inflation.

Restoration France's demand of payments in exchange for recognizing Haiti's independence was delivered to the country by several French warships in 1825, twenty-one years after Haiti's declaration of independence in 1804. Despite several revolutions in France after that date (July Revolution, French Revolution of 1848, Paris Commune), successive governments, be they imperial, monarchist or republican, continued enforcing the debt and coercing Haiti to pay. Haiti had to take a loan in 1875 to pay back the final portion of the original loan, and the bank that benefited most from this was Crédit Industriel et Commercial. Even after the indemnity was paid, Haiti had to continue paying the other loans, and the government of the United States funded the acquisition of Haiti's treasury in 1911, and in 1922, the rest of Haiti's debt was moved to be paid to American investors.

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French franc in the context of Spanish peseta

The peseta (/pəˈstə/, Spanish: [peˈseta]) was the currency of Spain between 1868 and 2002. Along with the French franc, it was also a de facto currency used in Andorra (which had no national currency with legal tender).

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French franc in the context of Fréjus Road Tunnel

The Fréjus Road Tunnel (Italian: Traforo del Fréjus, French: Tunnel du Fréjus) is a tunnel that connects France and Italy. It runs under Col du Fréjus in the Cottian Alps between Modane in France and Bardonecchia in Italy. It is one of the major trans-Alpine transport routes between France and Italy being used for 80% of the commercial road traffic.

Construction of the 13 km (8.1 mi) long tunnel started in 1974, and it came into service on 12 July 1980, leading to the closure of the motorail shuttle service in the Fréjus Rail Tunnel. It cost 2 billion francs (equivalent to €700 million at 2005 prices). It is the thirteenth longest road tunnel in the world and the longest road tunnel that crosses an international border.

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French franc in the context of Italian lira

The lira (/ˈlɪərə/ LEER, Italian: [ˈliːra]; pl.: lire, /ˈlɪər/ LEER-ay, Italian: [ˈliːre]) was the currency of Italy between 1861 and 2002. It was introduced by the Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 centesimi (sg.: centesimo), which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom from 1941 to 1943.

The term originates from libra, the largest unit of the Carolingian monetary system used in Western Europe and elsewhere from the 8th to the 20th century. The Carolingian system is the origin of the French livre tournois (predecessor of the franc), the Italian lira, and the pound unit of sterling and related currencies.

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French franc in the context of Livre tournois

The livre tournois (French pronunciation: [livʁ tuʁnwa]; lit.'Tours pound'; abbreviation: or £) was one of numerous currencies used in medieval France, and a unit of account (i.e., a monetary unit used in accounting) used in early modern France.

The 1262 monetary reform established the livre tournois as 20 sous tournois, or 80.88 grams of fine silver. The franc à cheval was a gold coin of one livre tournois minted in large numbers from 1360.In 1549, the livre tournois was decreed a unit of account, and in 1667 it officially replaced the livre parisis. In 1720, the livre tournois was redefined as 0.31 grams of pure gold, and in 1726, in a devaluation under Louis XV, as 4.50516 grams of fine silver.It was the basis of the revolutionary French franc of 1795, defined as 4.5 grams of fine silver exactly.

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French franc in the context of Grands Projets of François Mitterrand

The Grands Projets of François Mitterrand (variants: Grands Travaux or Grands Projets Culturels; officially: Grandes Opérations d'Architecture et d'Urbanisme) was an architectural programme to provide modern monuments in Paris, the city of monuments, symbolising France's role in art, politics and the economy at the end of the 20th century. The programme was initiated by François Mitterrand, the President of France, during his two terms in office (1981-1995). Mitterrand viewed the civic building projects, estimated at the time to cost the Government of France 15.7 billion francs, both as a revitalisation of the city, as well as contemporary architecture promoted by Socialist Party politics. The scale of the project and its ambitious nature was compared to the major building schemes of Louis XIV.

This grandiose plan, commencing in 1982, was termed as a "testament to political symbolism and process" launched in the post-World War II France, as an exercise in urban planning. The Grands Projets, described as "eight monumental building projects that in two decades transformed the city skyline", included the Louvre Pyramid, Musée d'Orsay, Parc de la Villette, Arab World Institute, Opéra Bastille, Grande Arche de La Défense, Ministry of the Economy and Finance building, as well as a new campus for the Bibliothèque nationale de France, the last and most expensive of the group. The projects did not all begin under Mitterrand—the Musée d'Orsay, La Défense Arch, Arab World Institute and La Villette commenced under his predecessor, President Valéry Giscard d'Estaing—but they are attributed to Mitterrand as they radically changed form under him.

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