The franc (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.
French franc devalues
The franc (French: franc français, [fʁɑ̃ fʁɑ̃sɛ]; sign: F or Fr), also commonly distinguished as the French franc (FF), was a currency of France.
Historical Significance
The franc (French: franc français, [fʁɑ̃ fʁɑ̃sɛ]; sign: F or Fr), also commonly distinguished as the French franc (FF), was a currency of France.
Events Before
Sputnik 1 Launch
The Soviet Union launches Sputnik 1, the world's first artificial satellite, igniting the Space Age and the US-Soviet Space Race.
An Irish Republican Army (IRA) unit attacks Brookeborough Royal Ulster Constabulary barracks in one of the most famous i
An Irish Republican Army (IRA) unit attacks Brookeborough Royal Ulster Constabulary barracks in one of the most famous incidents of the IRA's Operation Harvest
Aviator Howard Hughes marries 2nd wife actress Jean Peters
Aviator Howard Hughes marries 2nd wife actress Jean Peters
South African golfer Gary Player (21) weds childhood sweetheart Vivienne Verwey, until her death in 2021
South African golfer Gary Player (21) weds childhood sweetheart Vivienne Verwey, until her death in 2021
English-American actress Elizabeth Taylor's 2nd divorce from English actor Michael Wilding, after almost 5 years of marr
English-American actress Elizabeth Taylor's 2nd divorce from English actor Michael Wilding, after almost 5 years of marriage
Events After
Johnny Cash performs the first of many free concerts behind bars at San Quentin State Prison in California
Johnny Cash performs the first of many free concerts behind bars at San Quentin State Prison in California
Chad becomes an autonomous republic in the French Community
The French Community (French: Communauté française) was the constitutional organization set up in October 1958 between France and its remaining African colonies, then in the process of…
USSR's Luna 1 becomes the first spacecraft to escape Earth's gravity
A gravity assist, gravity assist maneuver, swing-by, or generally a gravitational slingshot in orbital mechanics, is a type of spaceflight flyby which makes use of the relative movement (e.g.
TV western "Rawhide," starring Clint Eastwood, premieres on CBS
TV western "Rawhide," starring Clint Eastwood, premieres on CBS
Plane crash known as "The Day the Music Died" kills musicians Buddy Holly, Ritchie Valens, J. P. Richardson (aka The Big
Plane crash known as "The Day the Music Died" kills musicians Buddy Holly, Ritchie Valens, J. P. Richardson (aka The Big Bopper), and the pilot near Clear Lake, Iowa
More from the 1950s
Sputnik 1 Launch
The Soviet Union launches Sputnik 1, the world's first artificial satellite, igniting the Space Age and the US-Soviet Space Race.
"The Bob Cummings Show" premieres on NBC (later moves to CBS)
"The Bob Cummings Show" premieres on NBC (later moves to CBS)
Emil Jannings dies
Emil Jannings, Swiss-born German actor, known for german actor, died on 1950-01-02. Emil Jannings was a Swiss-born German actor who was popular in Hollywood films in the 1920s.
The European Economic Community comes into effect, better known as the European Common Market
The European Economic Community comes into effect, better known as the European Common Market
Frequently Asked Questions
- What happened on June 21, 1958?
- The franc (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.
- Why is French franc devalues significant?
- The franc (French: franc français, [fʁɑ̃ fʁɑ̃sɛ]; sign: F or Fr), also commonly distinguished as the French franc (FF), was a currency of France.