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Wikipedia: Franc (830 words) |
 | The franc was originally a French gold coin of 3.87g minted in 1360 on the occasion of the release of king John II ("the good"), held by the English since his capture at the Battle of Poitiers four years earlier. |
| The franc was re-established as the national currency by the French revolutionary Convention in 1795 as a decimal unit of 4.5g of fine silver (theoretically slightly less than the livre of 4.505g, though the new coin was set in 1796 at 1.0125 livres, reflecting in part the past minting of sub-standard coin). |
| In 1926 Belgium as well as France experienced depreciation and an abrupt collapse of confidence, leading to the introduction of a new gold currency for international transactions, the Belga of 5 francs, and the country's withdrawal from the monetary union, which ceased to exist at the end of the year. |
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