Belgian franc

1 EUR = 40.3399 BEF 100 BEF = 2.4789 EUR

The Belgian franc or Belgian franc from 1832 to 2002 the currency of Belgium. In the German-speaking Community of Belgium he was called Franconia, in Germany and Austria, however, usually Franc. On the coins are Frank ( Dutch) and Franc ( French), on the banknotes also francs ( German ).

Subunit was the centime, 100 centimes gave a franc. The ISO 4217 code is BEF; Central bank was the National Bank of Belgium, which is a member of the ECB today.

History

The Belgian franc was introduced in 1832. It was created following the example of the French franc and has long been coupled in a 1:1 ratio to that, since Belgium was a member of the Latin Monetary Union.

From 1922, Luxembourg was in a monetary union with Belgium ( BLEU ). The Belgian franc was also in Luxembourg as its official currency unit, and Luxembourg francs in Belgium. It was a fixed exchange rate of 1:1.

1999, the Belgian franc was replaced by the euro in relation 40,3399:1. First, the euro was only as book money, introduced in 2002 as cash.

Before the introduction of the euro following denominations were outstanding:

• Coins: 50 centimes, 1, 5, 20, 50 francs
• Banknotes: 100, 200, 500, 1000, 2000, 10000 francs

Bills

The following figures show coins from the time of the Latin Monetary Union: