Monegasque Franc
| Monegasque Franc | |
|---|---|
| Country: |
 Monaco
|
| Subdivision: | 100 centimes |
| ISO 4217 code : | MCF |
| Abbreviation: | F, Fr |
|
Exchange rate : (fixed) |
1 EUR = 6.55957 MCF |
The Monegasque Franc is the former currency unit of the Principality of Monaco . It is divided into 100 centimes and has the ISO 4217 code MCF. Since there is a monetary union between Monaco and France , the Monegasque franc was pegged equally to the French franc and also legal tender in France . On January 1, 1999, the Monegasque Franc ( book money ) was replaced by the Euro ; the changeover to cash took place on January 1, 2002. The exchange rate of 6.55957: 1 was set on December 31, 1998.
history
The franc was introduced as the currency of France in 1795 and was also used in Monaco during the French occupation (1793 to 1814). For the first time in 1837/38, coins with the portrait of Prince Honoré V were minted for the principality by the state mint in Paris . The series comprised eleven coins in denominations from 2.5 centimes to 40 francs. Until 1922, only the 20-franc piece with the portrait of the respective ruling prince was re-minted, and from 1877 onwards a 100-franc coin was issued. It was not until the reign of Louis II. From 1924 onwards, new coin series were issued, the dimensions of which corresponded to the French franc coins. From 1920 to 1922 the only banknotes of the principality were issued due to a shortage of small token coins .
In 1958 the Nouveau Franc was introduced in France , which was worth 100 old Francs ( Anciens Francs ). This currency reform was also carried out in Monaco; new coins were issued from 1960. The last coin in the franc currency unit was a bimetallic 10 franc coin in 2000.
1 franc from 1978
Picture side with the portrait of Prince Rainier III.
Web links
- Monaco's Brief Monetary History.Retrieved June 29, 2010
- Illustrations of Monegasque coins , accessed June 29, 2010.
Individual evidence
- ↑ Images of Monaco's banknotes ( Memento from July 25, 2011 in the Internet Archive )
Belgian franc | German Mark | Estonian kroon | Finnish mark | French Franc | Greek drachma | Irish pound | Italian lira | Latvian lats | Lithuanian litas | Luxembourg Franc | Maltese lira | Monegasque Franc 1 | Dutch guilder | Austrian Schilling | Portuguese escudo | San Marinese lira 1 | Slovak crown | Slovenian tolar | Spanish peseta | Vatican lira 1 | Cyprus pound
1 Monaco , San Marino and Vatican City are not part of the European Monetary Union , but mint their own euro coins to a limited extent due to bilateral agreements.