Old french francs

Old French franc banknotes, a currency that circulated for over 600 years before the adoption of the euro in 2002.

About this subject

The French franc was introduced in 1360 during the reign of John II, becoming one of the oldest currencies in Europe. Originally a gold coin called the 'franc à cheval', it was minted to pay the king's ransom after the Battle of Poitiers. Over the centuries, the franc underwent several reforms, including the creation of the germinal franc in 1803 by Napoleon Bonaparte, which established a parity with gold and silver.

French banknotes were renowned for their artistic richness, featuring portraits of figures such as Victor Hugo, Marie Curie, and Paul Cézanne. The 500-franc note, for example, depicted the scientist Pierre Curie. During the 20th century, the franc experienced significant devaluations, especially after the world wars, leading to the creation of the 'new franc' in 1960, which was equivalent to 100 old francs.

On January 1, 1999, the euro was introduced as book money, and euro banknotes and coins entered circulation on January 1, 2002, permanently replacing the franc. Old franc notes are no longer legal tender, but they can still be exchanged at the Bank of France for a limited period. Collectors and numismatists value these banknotes, especially the series prior to the 1950s, which are rare and well-preserved.

Frequently Asked Questions

When was the French franc created?

The franc was created in 1360 during the reign of John II of France, as a gold coin to pay his ransom.

What was the most famous banknote design?

One of the most iconic notes was the 500-franc note featuring Pierre Curie, but there were also series with Victor Hugo and Marie Curie.

Can old francs still be exchanged for euros?

Yes, the Bank of France allows exchange of franc banknotes for euros until 2032, but with limits and fees.