France was a founding member of the Latin Monetary Union (LMU) in 1. Louis XIII of France replaced it with the silver ? Nevertheless, the name "franc" continued in accounting as a synonym for the livre tournois. This coin and its fractions circulated until 1. Henry III agreed to do this and he revived the franc, now as a silver coin valued at one livre tournois. The States General which met at Blois in 1. Henry III exploited the association of the franc as sound money worth one livre tournois when he sought to stabilize French currency in 1.īy this time, inflows of gold and silver from Spanish America had caused inflation throughout the world economy and the kings of France, who weren’t getting much of this wealth, only made things worse by manipulating the values assigned to their coins. The French franc was a commonly held international reserve currency in the 1. The NF designation was continued for a few years before the currency returned to being simply the franc the French continued to reference and value items in terms of the old franc (equivalent to the new centime) until the introduction of the euro in 1. It was reintroduced (in decimal form) in 1.
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