Monégasque franc

1 EUR = 6.55957 MCF 1 MCF = 0.152449 EUR

The Monegasque franc is the former monetary unit of Monaco. It is divided into 100 centimes and has the ISO 4217 code MCF. Since a monetary union between Monaco and France is, the Monegasque franc parity pegged to the French franc and legal in France as means of payment. In 2002, the Monegasque franc was replaced by the euro in relation 6,55957:1.

History

The franc was introduced in 1795 as the currency of France and arrived during the French occupation ( 1793-1814 ) in Monaco in circulation. For the first time 1837/38 coins were minted with the portrait of Prince Honoré V of the state mint in Paris for the Principality. The series consisted of eleven coins in the denomination value of 2.5 centimes to 40 francs. Until 1922 only the 20 -franc piece with the portrait of the prevailing prince was newly-minted and issued a coin to 100 Francs from 1877. It was not until the reign of Louis II new series of coins were issued from 1924, which corresponded to the French franc coins in their dimensions. A shortage of small coins introduced in the years 1920 to 1922 to output the only such notes to the Principality.

In 1958, in France 's Nouveau Franc introduced, which had the value of 100 old francs ( anciens francs ). This currency reform also took place in Monaco; new coins came from 1960 to output. The last coin in the denomination of Francesco was a 10 francs coin in bimetallic execution in 2000.

Aspect with the portrait of Prince Rainier III.