Luxembourgish franc

1 EUR = 40.3399 LUF 1 LUF = 0.0247894 EUR

The Luxembourg Franc is the former monetary unit of Luxembourg. In German he was also called Franks, Luxembourgish is his name Frang.

Subunit was the centime, who had but recently no longer be found in the Luxembourg purses; 100 centimes gave a franc. ISO 4217 code was LUF.

History

On December 19, 1918 Luxembourg withdrew from the German Customs Union, which is also the issue of a new currency introduced. In 1921, the BLEU ( Union Economique Belgo - Luxembourgoise ) was ratified, which provided as Union currency the Belgian franc, however, the Grand Duchy of Luxembourg continued to rate the right to issue their own coins and banknotes. As initial the Luxembourg State received 175 million Belgian francs in bank notes and coins were exchanged for 200 million marks. The marrow was replaced and the common currency of Luxembourg and Belgium: there was one since 1946 LUF (Luxembourg franc ) = 1 BEF (Belgian Francs), before the Second World War, the course had lain bfr at 1.25. The currencies were theoretically alternately in the two countries; in practice it was before but sometimes that Luxembourg banknotes were not accepted in Belgium.

As of 1999, the Luxembourg franc was pegged to the euro, and in proportion 40.3399 LUF = 1 EUR. 2002, the euro cash was introduced and the franc disappeared.

Gallery

1 Luxembourg franc

Luxembourg 25 Centimes