Franc

The franc is the name of several currency units, most notably for the former French francs. The name is said to derive from the Latin inscription francorum rex ("King of the Franks") on early French coins, or from the French franc, meaning "free".

CFA and CFP francs

Fourteen African countries use the franc CFA (in west Africa, Communauté financière africaine; in equatorial Africa, Coopération financière en Afrique centrale), originally (1945) worth 1.7 French francs and then from 1948, 2 francs (from 1960: 0.02 new franc) but after January 1994 worth only 0.01 French franc. Therefore, from January 1999, 1 CFA franc is equivalent to 0.00152449 euro.

Related Topics:
Franc CFA - 1945 - 1948 - January - 1994 - 1999

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A separate (franc CFP) circulates in France's Pacific territories, worth 0.0084 euro (formerly 0.055 French franc).

Related Topics:
Franc CFP - France's Pacific territories

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