| French franc franc français (French) |
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| ISO 4217 Code | FRF | ||||
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| User(s) | |||||
| ERM | |||||
| Since | 13 March 1979 | ||||
| Fixed rate since | 31 December 1998 | ||||
| Replaced by €, non cash | 1 January 1999 | ||||
| Replaced by €, cash | 1 January 2002 | ||||
| € = | 6. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established This article is about the country For a topic outline on this subject see List of basic France topics. For the former North American fur-trading district see New Caledonia (Canada, and for the Scottish colony in Panama see Darien scheme. For other uses see Monaco (disambiguation Monaco, officially the Principality of Monaco ( French: Principauté de Monaco; Monégasque Andorra, officially the Principality of Andorra ( Catalan: Principat d'Andorra) is a small Landlocked country in western French Polynesia ( French: Polynésie française, Tahitian: Pōrīnetia Farāni) is a French Overseas collectivity in the Wallis and Futuna, officially the Territory of Wallis and Futuna Islands ( French: Wallis et Futuna or Territoire des îles Wallis et Futuna, The European Exchange Rate Mechanism, ERM, was a system introduced by the European Community in March 1979 as part of the European Monetary System (EMS Events 1138 - Cardinal Gregorio Conti is elected Antipope as Victor IV, succeeding Anacletus II. Year 1979 ( MCMLXXIX) was a Common year starting on Monday (link displays the 1979 Gregorian calendar) Events 406 – Vandals, Alans and Suebians cross the Rhine, beginning an invasion of Gallia. Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Please update other articles as well to avoid contradiction within Wikipedia e 55957 ₣ | ||||
| Pegged by | KMF, XAF & XOF, XPF, ADF, MCF | ||||
| Subunit | |||||
| 1/100 | centime | ||||
| Symbol | ₣ (rare). A fixed exchange rate, sometimes called a pegged exchange rate, is a type of Exchange rate regime wherein a Currency 's value is matched to the value of The franc ( French: franc comorien; Arabic: فرنك قمري ( ISO 4217 currency code KMF is the official Currency of Comoros The CFA franc (in French: franc CFA, "céfa" or just franc colloquially is a currency used in twelve formerly French -ruled The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia The franc ( ISO 4217: MCF was the official currency of the Principality of Monaco until 2002 ( de facto, 1999 de jure) when it changed to Centime (from Latin centesimus) is French for " cent " and is used in English as the name of the fraction Currency in several Francophone A currency sign is a graphic symbol often used as a shorthand for a Currency 's name Most people used F or FF | ||||
| Nickname | balle (≥1₣)
bâton, patate, plaque, brique (10,000₣) |
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| Coins | |||||
| Freq. used | 5, 10, 20 centimes, ½₣, 1₣, 2₣, 5₣, 10₣ | ||||
| Rarely used | 20₣ | ||||
| Banknotes | 20₣, 50₣, 100₣, 200₣, 500₣ | ||||
| Central bank | Banque de France | ||||
| Website | www.banque-france.fr | ||||
| Mint | Monnaie de Paris | ||||
| Website | www.monnaiedeparis.com | ||||
| This infobox shows the latest status before this currency was rendered obsolete. A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states The Banque de France is the Central bank of France; it is linked to the European Central Bank (ECB A mint is an industrial facility which manufactures Coins for Currency. The Monnaie de Paris (Paris Mint) or more administratively speaking the "Direction of Coins and Medals" is an administration of the | |||||
The franc (represented by the franc sign ₣ or more commonly just F) is a former currency of France. F is the sixth letter in the Latin alphabet. Its name in English is spelled ef or eff (ɛf A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is This article is about the country For a topic outline on this subject see List of basic France topics. 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. The livre tournois (" Tours pound " was one of numerous currencies used in France in the Middle Ages; and a money of It was re-introduced (in decimal form) in 1795 and remained the national currency until the introduction of the euro in 1999 (for accounting purposes) and 2002 (coins and banknotes). The livre was the currency of France until 1795 Several different livres existed some concurrently Year 1795 ( MDCCXCV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a Please update other articles as well to avoid contradiction within Wikipedia e Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar.
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The franc was introduced by King John II in 1360. John II (16 April 1319 &ndash 8 April 1364 called John the Good (Jean le Bon was Count of Anjou, Count of Maine, and Duke of Normandy Its name comes from the inscription reading Johannes Dei Gratia Francorum Rex ("Jean by the grace of God King of the Franks") and its value was set as one livre tournois (a money of account). The livre tournois (" Tours pound " was one of numerous currencies used in France in the Middle Ages; and a money of Francs were later minted under Charles V, Henri III and Henri IV. Charles V ( 21 January 1338 – 16 September 1380) called the Wise, was King of France from 1364 to his death and a member Henry III of France (Henri III Henryk ( September 19 1551 – August 2, 1589) Henry IV (Henri IV ( 13 December 1553 &ndash 14 May 1610) ruled as King of France from 1589 to 1610 and as Henry III
Louis XIII of France stopped minting the franc in 1641 (replacing it with the Écu and Louis d'Or), but use of the name "franc" continued in accounting as a synonym for the livre tournois. For the cognac see Louis XIII de Rémy Martin. Louis XIII ( September 27, 1601 – May 14, 1643) This article is about the medieval and early modern French currency not the European Currency Unit (ECU or an Electronic control unit (ECU The Louis d'or is any number of French Coins first introduced by Louis XIII in 1640
The decimal "franc" was established as the national currency by the French Revolutionary Convention in 1795 as a decimal unit (1 franc = 10 decimes = 100 centimes) of 4. Year 1795 ( MDCCXCV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a 5 g of fine silver. Silver (ˈsɪlvɚ is a Chemical element with the symbol " Ag " (argentum from the Ancient Greek: ἀργήντος - argēntos gen This was slightly less than the livre of 4. The livre was the currency of France until 1795 Several different livres existed some concurrently 505 g but the franc was set in 1796 at 1. Year 1796 ( MDCCXCVI) was a Leap year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Leap year 0125 livres (1 livre, 3 deniers), reflecting in part the past minting of sub-standard coins. The denier was a French Coin created by Charlemagne in the Early Middle Ages.
However the circulation of this metallic currency declined during the Republic that exchanged the old gold and silver reserves (needed to finance wars and try to solve the shortage of food supplies by importing them) against printed assignats, initially designed as bonds based on the value of the confiscated goods of churches, but later declared as legal tendercurrency. Assignats were paper money issued by the National Constituent Assembly in France during the French Revolution. BOND (Building Object Network Databases started development in late 2000 as a Rapid application development tool for the GNOME Desktop by Treshna Too many assignats were put in circulation (by largely overevaluating the value of the "national properties"), and the silver franc rarefied to pay foreign providers, and the unpaid governmental national debt caused decreasing trust in this secondary unit, shortage of silver supplies for producing metallized francs, hyperinflation, even more food riots in the population, and severe political instability and termination of the First French Republic (the political fall of the French Convention, the economic failure of the Directoire that replaced it, then a coup d'état that lead to the Consulate during which only the first Consul progressively gained all the legislative powers against the other unstable and discredited consultative or legislative institutions). The First Republic in France, officially the French Republic (République française was proclaimed on 21 September 1792 during the French Revolution. During the French Revolution, the National Convention or Convention, in France, comprised the Constitutional and legislative assembly The Executive Directory ( Directoire exécutif) was a body of 5 single-male Directors that held executive power in France following The Consulate was the government of France between the fall of the Directory in the coup of 18 Brumaire in 1799 until the start of the
In 1803, the "germinal franc" (named after the name of the month in the revolutionary calendar) was established, creating a gold franc containing 9/31 g (290. 1803 ( MDCCCIII) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a The French Republican Calendar or French Revolutionary Calendar was a Calendar proposed during the French Revolution, and used by the French government 32 ug) of fine gold. From this point, gold and silver-based units circulated interchangeably on the basis of a 1:15. 5 ratio between the values of the two metals (bimetallism). In Economics, bimetallism is a Monetary standard in which the value of the Monetary unit can be expressed as a certain amount of gold or as a certain amount This system continued until 1864, when all silver coins except the 5 franc piece were debased from 90% to 83. Debasement is the practice of lowering the value of Currency. 5% silver without the weights changing.
The currency was retained during the Bourbon Restoration. Following the ousting of Napoleon I of France in 1814 the Allies restored the Bourbon Dynasty to the French throne
France was a founding member of the Latin Monetary Union (LMU) in 1865. The Latin Monetary Union ( LMU) was a 19th century attempt to unify several European currencies into a single currency that could be The common currency was based on the franc germinal, with the name franc already being used in Switzerland and Belgium, whilst other countries used their own names for the currency. In 1873, the LMU went over to a purely gold standard of 1 franc = 9/31 g gold. The gold standard is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set fixed quantities of Gold
The outbreak of World War I caused France to leave the gold standard of the LMU. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All The war severely undermined the franc's strength, as war expenditure, inflation and postwar reconstruction, financed partly through the printing of ever more money, reduced the franc's purchasing power by 70% from 1915 to 1920 and a further 43% from 1922 to 1926. Year 1915 ( MCMXV) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Common year Year 1920 ( MCMXX) was a Leap year starting on Thursday (link will display 1920 of the Gregorian calendar Year 1922 ( MCMXXII) was a Common year starting on Sunday of the Gregorian calendar. Year 1926 ( MCMXXVI) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar. After a brief return to the gold standard (1928 to 1936) the currency was allowed to resume its slide, until it was worth in 1959 less than a fortieth of its 1934 value. The gold standard is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set fixed quantities of Gold Year 1928 ( MCMXXVIII) was a Leap year starting on Sunday (link will display full calendar of the Gregorian calendar. Year 1936 ( MCMXXXVI) was a Leap year starting on Wednesday (link will display the full calendar of the Gregorian calendar. The year 1959 ( MCMLIX) was a Common year starting on Thursday (link will display full calendar of the Gregorian calendar.
During the occupation of France, the franc was a satellite currency of the German Reichsmark. For a detailed discussion of the English translation of Reich, see Reich. The coins were changed, with the words Travail, Famille, Patrie (Work, Family, Fatherland) replacing the Republican triad Liberté, Égalité, Fraternité (Liberty, Equality, Fraternity) and the emblem of the Vichy regime added. Vichy France, or the Vichy regime are the common terms used to describe the government of France from July 1940 to August 1944
At the liberation, the US attempted to impose use of the US occupation franc, which was averted by General De Gaulle. The US Occupation franc ( Billet drapeau in french was a Currency emitted by the United States for use in a hypothetically Allied -occupied
After World War II, France devalued its currency within the Bretton Woods system on several occasions. The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states Beginning in 1945 at a rate of 480 francs to the British pound (119. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency 1 to the U.S. dollar), by 1949 the rate was 980 to the pound (350 to the dollar). The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been This was reduced further in 1957 and 1958, reaching 1382. 3 to the pound (493. 7 to the dollar).
In January 1960 the French franc was revalued at 100 existing francs. Year 1960 ( MCMLX) was a Leap year starting on Friday (link will display full calendar of the Gregorian calendar. Old one and two franc pieces continued to circulate as centimes (none of which were minted for the first two years), 100 of them making a nouveau franc (the abbreviation NF was used on banknotes for some time). Inflation continued to erode the currency's value but at a greatly reduced rate compared to other countries. The one centime coin never circulated widely. Only one further major devaluation occurred (in August 1969) before the Bretton Woods system was replaced by free floating exchange rates. Nonetheless, when the euro replaced the franc on January 1, 1999, the franc was worth less than an eighth of its original 1960 value. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar)
The old franc pieces were gradually withdrawn and demonetized. None were valid at the time of the euro's introduction.
Interestingly, after revaluation and the introduction of the new franc, many French people continued to speak of old francs (anciens francs), to describe large sums. For example, lottery prizes were often advertised in amounts of centimes, equivalent to the old franc. Multiples of 10F were referred to as "milles francs" (thousand francs) or "milles balles" ("balle" being a slang word for franc). This usage continued right up to the time when franc notes and coins were withdrawn in 2002.
From January 1, 1999, the value exchange rate of the French franc against the euro was set at a fixed parity of 1 EUR=6. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) Please update other articles as well to avoid contradiction within Wikipedia e 55957 FRF. Euro coins and notes replaced the franc entirely between January 1 and February 17, 2002. Events 1500 - Battle of Hemmingstedt. 1600 - Philosopher Giordano Bruno is burned alive at Campo de' Fiori See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar.
The first coins were issued in denominations of 1 and 5 centimes, 1 and 2 decimes (in copper), quarter, half, 1, 2, and 5 francs (in silver), and 20 and 40 francs (in gold). Copper coins were not issued between 1801 and 1848, leaving the quarter-franc as the smallest coin being minted. During this period, copper coins from the previous currency system circulated, with a one-sou coin being valued at 5 centimes.
Bronze coinage was introduced from 1848, and coins worth 1, 2, 5 and 10 centimes were issued from 1853. The quarter-franc was discontinued, with silver 20-centime coins issued between 1849 and 1868. The gold coinage also changed at this time, with 40- franc coins no longer produced and 5-, 10-, 50- and 100-franc coins introduced. The last gold 5-franc pieces were minted in 1869, and silver 5-franc coins were last minted in 1878. Nickel 25-centime coins were introduced in 1903.
The First World War brought substantial changes to the coinage. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All Gold coinage was suspended and holed 5, 10 and 25 centimes minted in nickel or cupro-nickel were introduced. In 1920, production of bronze and silver coinage ceased, with aluminium-bronze 50-centime, and 1- and 2-franc coins introduced. Until 1929, these coins were issued by the Chambers of Commerce of France. During the same period, local Chambers of Commerce also issued small change coins. In 1929, silver coins were reintroduced in 10- and 20-franc denominations.
The Second World War also affected the coinage substantially. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including Zinc 10- and 20-centime pieces were introduced, along with aluminium coins of 50 centimes, and 1 and 2 francs. Following the war, rapid inflation caused denominations below 1 franc to be withdrawn and coin denominations up to 100 francs were introduced by 1954.
In 1960, the new franc was introduced, worth 100 of the old francs. Stainless steel 1- and 5-centime, aluminum-bronze 10-, 20- and 50-centime, nickel one-franc and silver 5-franc coins were introduced. Silver 10-franc pieces were introduced in 1964, followed by aluminum-bronze 5-centime and nickel half-franc coins in 1966.
Nickel clad cupro-nickel 5-franc and nickel-brass 10-franc coins replaced their silver counterparts in 1970 and 1974, respectively. Nickel 2 francs were introduced in 1979, followed by bimetallic 10 and 20 francs in 1988 and 1992, respectively. The 20-franc coin was composed of two rings and a centre plug.
A nickel 10-franc piece was issued in 1986, but was quickly withdrawn and demonetized due to confusion with the half-franc and an unpopular design. The aluminum-bronze pieces continued to circulate until the bimetallic pieces were developed and additional aluminum-bronze coins were minted to replace those initially withdrawn. Once the bi-metallic coins were circulating the aluminum-bronze pieces were withdrawn and demonetized. A silver 50-franc piece was issued from 1974-1980, but was withdrawn and demonetized after the price of silver spiked in 1980. A 100-franc piece, in silver, was issued, and circulated to a small extent, until the introduction of the euro. All French franc coins were demonetized in 2005 and are no longer redeemable at the Banque de France. The Banque de France is the Central bank of France; it is linked to the European Central Bank (ECB
At the time of the complete changeover to the euro on 1 January 2002, the coins in circulation (some of which were still produced during 2000) were:
Coins were freely exchangeable until February 17, 2005 at Banque de France only (some commercial banks could still perform it but were not required to offer this service for free after the transition period in 2001), by converting their total value in francs to euros (rounded to the nearest eurocent) at the official fixed rate of 6. Events 1500 - Battle of Hemmingstedt. 1600 - Philosopher Giordano Bruno is burned alive at Campo de' Fiori Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. The Banque de France is the Central bank of France; it is linked to the European Central Bank (ECB 55957 francs for 1 euro. Banknotes were officially convertible up to 2008. [1]
The first franc paper money issues were made in 1795. They were assignats in denominations between 100 and 10,000 francs. Assignats were paper money issued by the National Constituent Assembly in France during the French Revolution. These followed in 1796 by "territorial mandate promises" for 25 up to 500 francs. The treasury also issued notes that year for 25 up to 1000 francs.
In 1800, the Bank of France began issuing notes, first in denominations of 500 and 1000 francs. In the 1840s, 100- and 200-franc notes were added, while 5-, 20- and 50- francs were added in the 1860s and 70s, although the 200-franc note was discontinued.
The First World War saw the introduction of 10- and 5000-franc notes but, despite base metal 5-franc coins being introduced after the war, the banknotes were not removed.
In 1944, the liberating Allies introduced paper money in denominations between 2 and 1000 francs. Following the war, 10,000-franc notes were introduced, while 5-, 10- and 20-franc notes were replaced by coins, as were the 50- and 100-franc notes in the 1950s.
The first issue of the new franc consisted of 500-, 1000-, 5000- and 10,000-franc notes overprinted with their new denominations of 5, 10, 50 and 100 new francs. This issue was followed by notes of the same design but with only the new denomination shown. 500-new franc notes were also introduced at this time. 5- and 10- franc notes were withdrawn in 1970 and 1979, respectively.
Banknotes in circulation when the franc was replaced were [2]
Banknotes of the current series as of euro changeover may be exchanged with the French central bank or services like GFC until February 17, 2012. Pierre Curie (15 May 1859 &ndash 19 April 1906 was a French physicist, a pioneer in Crystallography, Magnetism, Piezoelectricity Events 1500 - Battle of Hemmingstedt. 1600 - Philosopher Giordano Bruno is burned alive at Campo de' Fiori 2012 ( MMXII) will be a Leap year starting on Sunday of the Gregorian calendar. Most older series are exchangeable for 10 years from date of withdrawal.
| '95 | '96 | '97 | '98 | '99 | '00 | '01 | '02 | '03 | '04 | '05 | '06 | '07 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US dollar | 59. A reserve currency (or anchor currency) is a Currency which is held in significant quantities by many governments and institutions as part of their Foreign A reserve currency (or anchor currency) is a Currency which is held in significant quantities by many governments and institutions as part of their Foreign The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 0% | 62. 1% | 65. 2% | 69. 3% | 70. 9% | 70. 5% | 70. 7% | 66. 5% | 65. 8% | 65. 9% | 66. 4% | 65. 7% | 63. 3% |
| Euro | 17. Please update other articles as well to avoid contradiction within Wikipedia e 9% | 18. 8% | 19. 8% | 24. 2% | 25. 3% | 24. 9% | 24. 3% | 25. 2% | 26. 5% | ||||
| German mark | 15. 8% | 14. 7% | 14. 5% | 13. 8% | |||||||||
| Pound sterling | 2. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency 1% | 2. 7% | 2. 6% | 2. 7% | 2. 9% | 2. 8% | 2. 7% | 2. 9% | 2. 6% | 3. 3% | 3. 6% | 4. 2% | 4. 7% |
| Japanese yen | 6. 8% | 6. 7% | 5. 8% | 6. 2% | 6. 4% | 6. 3% | 5. 2% | 4. 5% | 4. 1% | 3. 9% | 3. 7% | 3. 2% | 2. 9% |
| French franc | 2. 4% | 1. 8% | 1. 4% | 1. 6% | |||||||||
| Swiss franc | 0. The franc ( German: Franken, French and Romansh: franc, Italian: franco; code: CHF 3% | 0. 2% | 0. 4% | 0. 3% | 0. 2% | 0. 3% | 0. 3% | 0. 4% | 0. 2% | 0. 2% | 0. 1% | 0. 2% | 0. 2% |
| Other | 13. A list of all Currencies, current and historic The local name of the currency is used in this list with the adjectival form of the country or region 6% | 11. 7% | 10. 2% | 6. 1% | 1. 6% | 1. 4% | 1. 2% | 1. 4% | 1. 9% | 1. 8% | 1. 9% | 1. 5% | 1. 8% |
| Sources: 1995-1999, 2006-2007 IMF: Currency Composition of Official Foreign Exchange ReservesPDF (80 KB) Sources: 1999-2005, ECB: The Accumulation of Foreign ReservesPDF (816 KB) |
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The Andorran franc was a 1:1 peg to the French franc. The International Monetary Fund ( IMF) is an International organization that oversees the Global financial system by following the Macroeconomic The European Central Bank (ECB is one of the world's most important Central banks responsible for Monetary policy covering the 15 member countries of the Unlike Monaco, Andorra was not in formal currency union with France. For other uses see Monaco (disambiguation Monaco, officially the Principality of Monaco ( French: Principauté de Monaco; Monégasque Consequently, no Andorran coins were minted nor notes printed.
| Preceded by Livre |
French currency 1360-1641 |
Succeeded by Livre Écu Louis d'Or |
| Preceded by Livre, Écu, Louis d'Or, Dutch guilder (?-1810, Kingdom of Holland) Kronenthaler (?-1795, Austrian Netherlands) ? (?-1918 Saarland) ? (?-1954 Saarland) ? (CFA-zone) ? (CFP-zone) |
French currency 1795-1999 1810-1813 (Netherlands) 1795-1815 (Southern Netherlands) 1918-1935 (Saarland) 1954-1957 (Saarland) ?-1945 (French African colonies) ?-1945 (French Pacific colonies) |
Succeeded by Euro Dutch guilder (1813-1832, Netherlands) Dutch guilder (1815-1832, Southern Netherlands) German Reichsmark (1935-?, Saarland) German mark (1957-2002, Saarland) CFA franc (1945-present, CFA-zone) CFP franc (1945-present, CFP-zone) |